Axiro (CG Power arm) completes 100% buy of Tosil Systems for Rs 16.44 Cr

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

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AI summary

CG Power's wholly-owned subsidiary Axiro Semiconductor has completed the acquisition of 100% stake (5 lakh equity shares) in Tosil Systems Private Limited for Rs 16.44 Crores. Tosil now becomes a wholly-owned subsidiary of Axiro, which in turn is fully owned by CG Power. This follows the Securities Purchase Agreement signed on 17 August 2026.

Likely market impact

Tosil is now part of CG Power group via Axiro. Small deal size versus CG Power scale, limited direct impact but expands semiconductor footprint.