Gulf Oil Lubricants gets nod to acquire stake in TechPerspect Software

10 Feb 2022 Evaluate

Gulf Oil Lubricants has received approval from board of directors for acquisition of the equity stake in TechPerspect Software (TSPL). TSPL with its ElectreeFi Brand with experience in the e-Mobility charging software solutions and having onboarded chargers for large OEMs in India will be a strong partner for CMS solution.

The company intends to utilize its Pan India touchpoints as well as relationship with Automotive OEMs and Industrial Customers to leverage this alliance to providing superior solutions related to Electric Vehicle Charging, EV Fleet Management and Battery Swapping. The company will acquire 26% of fully diluted equity share capital of TSPL. The board of directors of the company, at its meeting held on February 09, 2022, has approved the same.

Gulf Oil Lubricants, part of Hinduja Group, is an established player in Indian lubricant market. It markets a wide range of automotive and industrial lubricants, greases, 2-wheeler batteries, etc.

Gulf Oil Lubricant Share Price

1170.15 -1.70 (-0.15%)
23-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Castrol India 196.00
Savita Oil Tech 538.40
Gulf Oil Lubricant 1170.15
Gandhar Oil Refinery 215.35
Panama Petrochem 390.45
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