Uravi T & Wedge Lamps Limited (NSEI:URAVI) agreed to acquire 55% stake in SKL (India) Private Limited for approximately INR 200 million on June 18, 2024.

For the period ending March 31, 2024, SKL (India) Private Limited reported total revenue of INR 202 million.

First tranche upto 43.91% of SKL India is expected to be completed in June 2024. Second tranche upto 6.1% of SKL India is expected to be completed in November 2024. Subsequent tranches is expected to be completed within 24 months from the completion of first tranche.