CG Power unit Tosil Systems acquired by Axiro Semiconductor

CG Power unit Tosil Systems acquired by Axiro Semiconductor. CG Power and Industrial Solutions disclosed the acquisition of its subsidiary Tosil Systems Private Limited by Axiro Semiconductor Private Limited. The deal marks a strategic divestment in the semiconductor space, though financial terms were not disclosed. This move could streamline CG Power’s operations and focus on core businesses.

📊 STOCKS: $CGPOWER | 🏢 SECTOR: CapitalMarkets | #MEDIUMIMPACT #Acquisition