Genus Power Infrastructures Acquires 86.49% Stake in Newlectric Innovation for ₹25.23 Crores

1 min read | Published on 20 Jan 2026, 07:58 PM |Updated on 20 Jan 2026, 07:58 PM

Reviewed by

Ashish TScanX News Team

Key Highlights

Genus Power Infrastructures Limited signed a Share Purchase Agreement on January 20, 2026, to acquire 86.49% equity stake in Newlectric Innovation Private Limited for ₹25.23 crores. The acquisition of 34,36,717 equity shares will make NIPL a wholly-owned subsidiary, as Genus Power already holds 13.51% stake. NIPL, incorporated in November 2021, manufactures smart electricity meters and reported turnover of ₹10.92 crores for March 31, 2025. The cash transaction is expected to complete within 30 days and aims to consolidate operations, optimize production capacity, and enhance operational efficiency in the power infrastructure sector.

*this image is generated using AI for illustrative purposes only.

Genus Power Infrastructures Limited has announced a strategic acquisition to strengthen its position in the power infrastructure sector. The company signed a Share Purchase Agreement on January 20, 2026, to acquire an additional 86.49% equity stake in Newlectric Innovation Private Limited (NIPL) for ₹25.23 crores.

Acquisition Details

The transaction involves acquiring 34,36,717 equity shares representing 86.49% of NIPL's equity share capital. Genus Power already holds 13.51% of NIPL's equity shares, and upon completion of this cash transaction, NIPL will become a wholly-owned subsidiary.

Parameter:	Details
Acquisition Stake:	86.49% equity shares
Number of Shares:	34,36,717 equity shares
Total Consideration:	₹25.23 crores
Payment Method:	Cash
Expected Completion:	30 days
Final Ownership:	100% (wholly-owned subsidiary)

Target Company Profile

Newlectric Innovation Private Limited, incorporated on November 29, 2021, operates in the manufacturing of smart electricity meters within the power infrastructure and distribution industry. The company has a paid-up equity share capital of ₹3.97 crores as of March 31, 2025.

Financial Performance Overview

NIPL's revenue performance over the past three years shows significant variation:

Year Ending:	Turnover
March 31, 2023:	₹64.24 crores
March 31, 2024:	₹43.27 crores
March 31, 2025:	₹10.92 crores

Strategic Rationale

The acquisition aligns with Genus Power's strategic objectives and is expected to deliver multiple operational benefits:

Operational Consolidation: Integration of operations to enhance overall efficiency
Capacity Optimization: Better utilization of production capacity across the combined entity
Scalability: Positioning to scale up production capacity in response to current order book and future business growth
Market Positioning: Strengthening presence in the smart electricity meter manufacturing segment

Transaction Structure

The acquisition has been structured as a related party transaction conducted on an arm's length basis. No governmental or regulatory approvals are required for completing this transaction. The deal is expected to be finalized within 30 days of the agreement signing.

This strategic move reinforces Genus Power's commitment to expanding its capabilities in the power infrastructure sector while consolidating its market position through vertical integration of smart metering solutions.

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