CG Power subsidiary Axiro to acquire 100% stake in Tosil Systems for Rs 16.44 Cr

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

CGPOWER · price

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Price reactionminutes from the announcement price · days from the prior close

+1.0%Reaction day

₹890.15

prior close

₹898.25

announcement price

In-mkt

timing

Nifty 100market-0.3%+1.2% vs market

Heavy Electrical Equipment peers, median of 33sector+0.2%+0.8% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty 100 and 0.8 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

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UpDownMarket · Nifty 100Sector · Heavy Electrical Equipment peers, median of 33Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

CG Power wholly owned subsidiary Axiro Semiconductor will acquire 100% of Tosil Systems for Rs 16.44 Crores in cash. Tosil provides semiconductor design, verification, embedded software, and Edge AI engineering services to global OEMs. Tosil FY26 turnover was Rs 11.94 Cr, up from Rs 11.12 Cr in FY25. The deal is expected to close by 31 August 2026. It is not a related party transaction.

Likely market impact

Strengthens CG Power's semiconductor design capabilities through its subsidiary. Small bolt-on deal, likely positive for long-term growth in the semiconductor space.