CG Power's subsidiary Axiro completes acquisition of Tosil Systems for ₹16.44 Cr
Axiro Semiconductor Private Limited, a wholly-owned subsidiary of CG Power and Industrial Solutions Limited, has completed the acquisition of 100% of Tosil Systems Private Limited. The transaction, finalized on 20th August 2026, was valued at ₹16.44 Crores. Tosil Systems is now a wholly-owned subsidiary of Axiro.
The acquisition of a smaller entity for ₹16.44 Crores is a strategic move but may not have a significant immediate financial impact on a large listed company like CG Power. However, it signals future growth potential.
The acquisition of a company by a subsidiary is generally viewed positively as it indicates strategic growth and expansion for the parent company.
CG Power and Industrial Solutions Limited announced the completion of its wholly-owned subsidiary, Axiro Semiconductor Private Limited's, acquisition of 100% shareholding in Tosil Systems Private Limited. The acquisition was finalized today, 20th August 2026, for a total consideration of ₹16.44 Crores. Following this transaction, Tosil Systems Private Limited has now become a wholly-owned subsidiary of Axiro Semiconductor Private Limited, as per Section 2(87) of the Companies Act, 2013. This follows the definitive agreement, the Securities Purchase Agreement, executed on 17th August 2026.
What to do with a filing like this
CG Power and Industrial Solutions Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by CG Power and Industrial Solutions Limited. Read the original for the full detail.