Quality Power Acquires Majority Stake in Mehru Electrical for ₹120 Crore

Strategic Acquisition Boosts Quality Power’s Market Position​

Newly listed Quality Power Electrical Equipments has strategically acquired a majority stake in Mehru Electrical and Mechanical Engineers, an instrument transformer manufacturer, for ₹120 crore. The company now holds 51 percent of Mehru's share capital, acquired through a cash-based share purchase agreement.

This acquisition marks a significant step forward for Quality Power, aligning seamlessly with its long-term objectives to enhance technological prowess, manufacturing capabilities, unique selling propositions (USPs), and global market presence.

Strengthening Innovation and Customer Solutions​

Bharanidharan Pandyan, Joint Managing and Whole-time Director at Quality Power, emphasized the importance of this move, stating, "By integrating Mehru's technology with our advanced manufacturing and global supply chain, we are creating a powerhouse of innovation, reliability, and customer-centric solutions."

Quality Power is recognized as a prominent manufacturer specializing in high-voltage electrical equipment and comprehensive electrical solutions.

Market Reaction: Quality Power Shares Surge​

Following the announcement, investor sentiment turned bullish, significantly boosting Quality Power’s stock performance. The company's shares witnessed a substantial jump of nearly 11 percent, climbing 10.73 percent to ₹374.30 each on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).