V-Guard to purchase Sunflame Enterprises

Major manufacturer of consumer electronics and electrical products V-Guard Industries (V-Guard) announced that it will pay 660 crores to acquire a 100% stake in Sunflame Enterprises Private Ltd.

The transaction will be conducted on a cash-free, debt-free basis and is subject to closing adjustments, according to the company, which said it signed a definitive agreement . According to V-regulatory Guard’s filing, the deal is anticipated to close by mid-January 2023. The acquisition is in keeping with V-plan Guard’s to dominate the domestic kitchen appliances market. Under the Sunflame brand, SEPL is present throughout India.

The proposed acquisition is a significant step in V-journey Guard’s toward deeper consumer engagement across thoughtful products and experiences. The iconic Sunflame brand is ingrained in the collective consciousness of Indian households and is anticipated to give V-ambitions Guard’s to dominate the Indian kitchen appliance market a major boost.

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