KOLKATA: Kerala-based VGuard Industries, one of the larger players in the inverter, water heater and pump segments, is looking for acquisitions and is ready to spend up to Rs 500 crore as it seeks to expand outside southern India. It has engaged a merchant banker and is in talks with 10-12 potential targets, Managing Director Mithun K Chittilappilly said. The company, which has grown organically since its inception in 1977, now wants to increase its market share outside South India. .. Read more at: http://economictimes.indiatimes.com/articleshow/50099669.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesV-Guard on acquisition spree with Rs 500 crore kitty
Industry: Other 2015-12-10
