Syrma Technology and SGS Tekniks ... announced a merger agreement to further strengthen their design and manufacturing capabilities for global and domestic OEMs. The cash cum stock merger will see the creation of Syrma SGS Technologies with a combined turnover of over Rs.1000 crores, with 55% revenues coming from exports primarily to USA and Europe. The deal was supported through a Private Equity investment by GEF.
Algo Legal advised
Touchstone Partners represented private equity investor
J Sagar Associates (JSA) acted for
2020-11-01
Deal value: INR 1200 crores (USD 165 million approximately)
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