GE India Industrial Private Limited agreed to acquire Global Engineering Operations Division from GE T&D India Limited (BSE:522275) for INR 1.4 billion on January 24, 2022. Business Transfer Agreement is expected to be executed by January 31, 2022. The GEOD Business had a turnover of INR 725.7 billion during the financial year ended March 31, 2021. The net book value of the fixed assets of the GEOD Business was INR 103.1 billion as at March 31, 2021. Subject to satisfaction of identified conditions precedents and approval of shareholders of the Company for the related party transaction with GEIIPL, the expected date of completion of sale is March 31, 2022. RBSA Advisory Pvt. Ltd acted as valuation advisor to GE T&D India in the transaction. GE India Industrial Private Limited completed the acquisition of Global Engineering Operations Division from GE T&D India Limited (BSE:522275) on March 31, 2022.