Quality Power acquires 51% stake in Mehru Electrical; share price soars 11%

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Quality Power acquires 51% stake in Mehru Electrical; share price soars 11% - Business Standard

Quick Summary:

The company’s shares made their D-street debut on February 24, 2025, by listing at Rs 430 per share on the NSE, and Rs 432.05 per share on the BSE, against the IPO issue price of Rs 425 per share.

A combined total of nearly 0.16 million equity shares of Power Grid Corporation, estimated to be worth Rs 59 crore, exchanged hands on the NSE and BSE.

With the growing global demand for grid stability, FACTS, and renewable integration, Pandyan believes this acquisition positions the company strongly in a multi-billion-dollar energy products market, where the barriers to entry are high due to stringent technical requirements and regulatory compliance.