Divine Power Energy Limited has closed its acquisition of Vimlesh Industries Private Limited, successfully transferring 100% of the shares for a consideration of ₹70 crore.

Vimlesh Industries, a reputable manufacturer in the transformer industry, will now operate as a wholly-owned subsidiary.

This acquisition is expected to enhance Divine Power's growth trajectory, leveraging Vimlesh’s established customer base and operational efficiencies.

Investors may view this move positively, as it bolsters the company's strategic position and may lead to increased market competitiveness and profitability in the long term.