Vishal Electro Power Limited has entered into a definitive agreement to acquire Precise Electricals, manufacturer of customized Instrument Transformers for an undisclosed amount.
CapitalSquare Advisors was the sole advisor to the deal.
Precise Electricals manufactures customized Instrument Transformers (both Current and Potential transformers) for the Power industry, with an average production capacity of approx 40,000 transformers per month.
Nimbus Communication along with other promoters is planning to sell 100% stake in Neo Sports Broadcast and is in talks with couple of buyer in India and abroad for sale. The deal is likely to be closed by next calendar year.