Quality Power Electrical Equipments Limited has informed the Exchange about Acquisition
QPOWER · price
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Quality Power Electrical Equipments' subsidiary, Quality Power Engineering Projects Pvt Ltd, is raising its stake in Nebeskie Labs from 14.5% to 26% by buying 3,040 fresh equity shares for a total cash consideration of Rs. 1.67 crore (at Rs. 5,498 premium per share plus Rs. 10 face value). This will make Nebeskie an Associate Company of the subsidiary. Nebeskie Labs is a Chennai-based technology company providing Industry 4.0 and AI-based digital solutions for manufacturers, with turnover growing from Rs. 0.31 crore in FY23 to Rs. 1.09 crore in FY25 (provisional). The deal is not a related-party transaction, needs no regulatory approvals, and is expected to close within 60 days.
This is a small-ticket strategic investment (under Rs. 2 crore) aimed at boosting product development and offerings, not an immediate financial game-changer. The Nebeskie platform could complement Quality Power's electrical equipment business by adding digital/IIoT capabilities, but shareholders should note the target is still a small, early-stage company.