Veto Switchgears and Cables Limited (NSEI:VETO) acquired unknown minority stake in Vankon Modular Private Limited from Akshay Kumar Gumani for INR 4.4 million on February 10, 2021. Under terms, Veto Switchgears acquired 113500 fully paid-up equity Shares at INR 32 per share and 118750 partly paid shares at 6.4 per share. Post-acquisition Veto Switchgears and Cables will hold 90.8% stake in Vankon Modular fully paid shares with Manoj Kumar Chaudhary and Prajwal Sharma holding 4.6% stakes each and Veto Switchgears and Cables will hold 100% stake by holding 1.48 million partly paid up shares. In a related transaction, Veto Switchgears and Cables acquired 586800 of fully paid-up equity Shares at INR 32 per share and 681950 partly paid-up equity Shares at INR 6.40 per share from Manoj Kumar Chaudhary. Veto Switchgears and Cables Limited (NSEI:VETO) completed the acquisition of unknown minority stake in Vankon Modular Private Limited from Akshay Kumar Gumani on February 10, 2021.