Announced Mon, 13 Jul · 12:09 IST
Board approves USD 4M acquisition of Infinova India
Board & Shareholder Meetings View source PDF
CNL · price
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₹836.10
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₹875.90
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AI summary
Creative Newtech's board approved acquiring 100% of Infinova (India) Pvt Ltd, a Pune-based video surveillance firm, with a budget of up to USD 4 million. The cash deal gives CNL exclusive brand rights, a Pune manufacturing unit, technical team, and assembly capabilities. It shifts the company from distribution-led to integrated surveillance platform, supporting Make in India. Subject to due diligence and approvals; final cost to be disclosed.
Likely market impact
Strengthens surveillance business with own manufacturing and brand rights, supporting Make in India. Modest deal size; execution and integration progress to watch.