Tuesday , October 26 2021

Nelco enters into agreement with DTS Corporation to sell stake

Nelco has entered into share purchase & sale agreement with DTS Corporation, Japan for sale of its entire Investment to the extent of 253,665 shares representing 12.30% in Nelito Systems at a consideration of Rs.6.78 crore. The agreement was signed on 29th May, 2019.

Nelco was established in 1940 and is a part of the leading business house – the Tata group. The company is focused on system integration and product management for industrial controls, power, electronics, defence electronics, VSAT networks and automation.

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