Acquisition History / Genus Power Infrastructures Ltd / Newlectric Innovation Private Limited
Genus Power Infrastructures Ltd Acquires Newlectric Innovation Private Limited
Announced January 20, 2026 — $2.9M
What happened
Newlectric Innovation, incorporated 2021, manufactures smart electricity meters. Genus Power Infrastructures agreed to acquire 3,436,717 shares representing 86.49% for Rs 25.23 crore, giving it 100% on completion.
- Acquirer
- Genus Power Infrastructures Ltd
- Target
- Newlectric Innovation Private Limited
- Announced
- January 20, 2026
- Price
- $2.9M
- Industry
- Smart electricity meters
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Genus Power Infrastructures Ltd acquire Newlectric Innovation Private Limited?
Genus Power Infrastructures Ltd acquired Newlectric Innovation Private Limited on January 20, 2026. This was Genus Power Infrastructures Ltd's 1st publicly tracked acquisition out of 1 we have on record.
How much did Genus Power Infrastructures Ltd pay for Newlectric Innovation Private Limited?
Genus Power Infrastructures Ltd paid $2.9M for Newlectric Innovation Private Limited.
What does Newlectric Innovation Private Limited do?
Newlectric Innovation, incorporated 2021, manufactures smart electricity meters. Genus Power Infrastructures agreed to acquire 3,436,717 shares representing 86.49% for Rs 25.23 crore, giving it 100% on completion.
What other Smart electricity meters companies has Genus Power Infrastructures Ltd acquired?
Newlectric Innovation Private Limited is Genus Power Infrastructures Ltd's only publicly tracked acquisition in Smart electricity meters so far.