Bajaj Electricals Limited to acquire Morphy Richards brand and IP for few territories

The Board of Directors of Bajaj Electricals Limited, at its meeting held today, i.e., on September 23, 2025 ("Board Meeting"), has given its consent to a proposal for the acquisition of the 'Morphy Richards' brand and related intellectual property rights ("Business IP" / "MR Brand") in the territories of India, Nepal, Bhutan, Bangladesh, the Maldives, and Sri Lanka ("Territory"), from Glen Electric Limited (part of the Glen Dimplex Group, Ireland), the owner of the MR Brand/Business IP, for a consideration of INR 146 crore (exclusive of any taxes/duties, etc. payable in the Territory) (the "Transaction"). This Transaction will be subject to negotiation and execution of definitive agreements between the parties and the receipt of necessary statutory and regulatory approvals, as applicable.

The Company will make further disclosures, as required under the SEBI Listing Regulations and the circulars issued thereunder, upon and subject to the execution of definitive agreements and the completion of subsequent events or milestones in relation to the Transaction.

Shares of Bajaj Electricals Limited was last trading in BSE at Rs. 576.95 as compared to the previous close of Rs. 582.80. The total number of shares traded during the day was 2170 in over 259 trades.

The stock hit an intraday high of Rs. 584.90 and intraday low of 574.00. The net turnover during the day was Rs. 1260391.00.

Source : Equity Bulls

Keywords

BajajElectricals INE193E01025 HouseholdAppliances MorphyRichards Brand IPO Acquisition India Nepal Bhutan Bangladesh Maldives SriLanka