IM+ Capitals Limited (BSE:511628) acquired Fedders Electric and Engineering Limited for INR 96.5 million on October 6, 2021. The purchase price is paid through a bank guarantee. Transaction is approved by NCLT and Committee of creditors. RBSA Advisory Pvt. Ltd. acted as financial advisor to Fedders Electric and Engineering Limited.

IM+ Capitals Limited (BSE:511628) completed the acquisition of Fedders Electric and Engineering Limited on October 6, 2021.