S&S Power Switchgear Limited (BSE:517273) agreed to acquire 33.14% stake comprising in Acrastyle Power (India) Limited on January 25, 2024 for INR 187.20 million. The consideration consists of 0.58 million shares issued by S&S Power Switchgear Limited (BSE:517273) and INR 82.49 million in cash towards common equity. The board of S&S Power Switchgear Limited (BSE:517273) has approved the transaction.

The Acrastyle Power (India) Limited reported its turnover for FY 2022-23 as INR 113.89 million.