KDU Enterprises Private Limited sold 42 lakh shares of Marine Electricals (India) Limited for ₹162.32 Cr at ₹386.48 apiece. The transaction reduced the connected person's stake in the company from 47.45% to 44.45%.
An integrated technical services provider based in India, Marine Electricals specializes in electrical automation and information and communication technology solutions for industrial clients. The company designs, develops, and deploys comprehensive automation systems and ICT infrastructure across various sectors. Its technical expertise in electrical automation and digital technologies distinguishes it as a specialized player in India's industrial services and automation landscape.
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