Mumbai, Oct. 26 -- Varroc Engineering has executed definitive agreements in connection with the proposed investment in Forsee Power India. The proposed investment is in line with the Company's strategic objectives and is expected to provide long-term business and commercial benefits to the Company,

particularly in the electric mobility business.

The aggregate consideration for the acquisition of primary and secondary

equity shares and subscription to OCRPS shall not exceed € 4.5 million.

Upon completion of the proposed transaction, the Company will hold

2,95,398 equity shares resulting into 45% equity stake and 80,380 of OCPRS.

Published by HT Digital Content Services with permission from Capital Market....