Divine Power Energy Limited (DPEL) has announced the successful completion of its 100 percent acquisition of Vimlesh Industries Private Limited (VIPL). DPEL entered into a Share Purchase Agreement with VIPL at a total valuation of INR 70 crore in November 2024.
April 04, 2025
Divine Power Energy Limited (DPEL), a manufacturer of insulated wires and strips, announces the successful completion of its 100% acquisition of Vimlesh Industries Private Limited (VIPL). With this transaction, VIPL officially becomes a wholly owned subsidiary company of DPEL, marking a landmark development in its strategic growth plan.
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DPEL entered into a Share Purchase Agreement to acquire a 100 percent stake in Vimlesh Industries Private Limited at a total valuation of INR 70 crore in November 2024.
Commenting on the development, Mr. Rajesh Giri, Managing Director, DPEL, said, “We are excited to welcome Vimlesh Industries into the DPEL family. This acquisition underscores our commitment to growth and excellence in the industry. By leveraging our combined strengths, we aim to enhance our product offerings and market positioning. This collaboration will translate in significant upside in the DPEL’s consolidated revenues owing to doubling of capacities. We are grateful to Mr. Sagar Bhagwan Bhutada, who has been instrumental in the meticulous execution of this transaction.”
This acquisition marks a significant milestone for DPEL as it integrates VIPL’s capabilities, resources, and expertise to enhance its operational efficiencies and expand its market reach. The move aligns with DPEL’s long-term vision to deliver high-quality products, create greater value for its stakeholders and lead to a big customer base and higher reach in the industry for the company, which shall be beneficial for the stakeholders.
