Craftsman Automation Limited signed a letter of intent to acquire Sunbeam Lightweighting Solutions Private Limited from Kedaara Capital Fund II LLP and Kedaara Capital Investment Managers Limited and others.

Craftsman Automation Limited (NSEI:CRAFTSMAN) signed a letter of intent to acquire Sunbeam Lightweighting Solutions Private Limited from Kedaara Capital Fund II LLP and Kedaara Capital Investment Managers Limited and others on June 24, 2024. Completion of the Proposed Transaction remains subject to inter alia, completion of due diligence, final approval of the Board of Directors of Craftsman Automation Limited (NSEI:CRAFTSMAN), execution of definitive documents, and completion of other customary conditions as may be required under law.