| Viguard takes on Sunflame | Mangalam

by time news

Kochi: V-Guard Industries has acquired Delhi-based home appliance manufacturer Sunflame Enterprises Ltd. V-Guard will own 100 per cent stake in Sunflame in a deal valued at Rs 660 crore.

The acquisition will be completed by the middle of next month. V-Guard Industries Managing Director Mithun Chittilapilli said that the acquisition will be a major milestone in V-Guard’s journey. He also said that Sunflame brand, which is well known across India, will make it easy for V-Guard to become the leader in home appliance manufacturing and distribution.

According to Sunflame Enterprises Pvt. Ltd. MD: K.L. Verma and V Guard COO: V. Ramachandran also commented.

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