Craftsman Automation has completed the acquisition of Sunbeam Lightweighting Solutions Private Limited for ₹376 crore. This deal includes the purchase of all securities of Sunbeam and an investment in optionally convertible debentures (OCDs) valued at ₹240 crore.
The acquisition marks Craftsman’s strategic move to expand its capabilities in lightweight automotive components, strengthening its position in the auto component manufacturing sector. The completion of this deal highlights Craftsman’s focus on growth through strategic acquisitions, with the company looking to leverage Sunbeam’s expertise to enhance its product portfolio.
Craftsman Automation Share Price history
| Day | Open | Close | Day’s change |
|---|---|---|---|
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Wed, Oct 9 2024
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₹6,275.00
|
₹6,216.25
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Tue, Oct 8 2024
|
₹6,045.00
|
₹6,199.65
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Mon, Oct 7 2024
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₹6,390.00
|
₹6,060.70
|
-5.55%
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Fri, Oct 4 2024
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₹6,310.00
|
₹6,417.10
|
|
|
Thu, Oct 3 2024
|
₹6,400.00
|
₹6,327.85
|
-2.86%
|
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Tue, Oct 1 2024
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₹6,473.25
|
₹6,513.95
|
|
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Mon, Sep 30 2024
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₹6,396.50
|
₹6,474.60
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Fri, Sep 27 2024
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₹6,551.15
|
₹6,396.50
|
-2.91%
|
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