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Quality Power approved acquisition of Winwin Insulators, funded by Rs 700 crore QIP
19-Oct-2026, 08:46
Quality Power Electrical Equipments Limited convened an Extraordinary General Meeting on Monday, October 19, 2026, where shareholders approved a proposed acquisition of Winwin Speciality Insulators Limited, a Qualified Institutional Placement (QIP) of up to Rs 700 crore to fund the acquisition, working capital, a Global Design Centre in Sangli, and general corporate purposes, and a Rs 175 crore unsecured promoter bridge loan carrying interest at 9% per annum for 11 years. The meeting, held via video conferencing, also addressed related party transactions and enabled shareholders to vote electronically through MUFG In Time India Pvt. Ltd.