V-Guard to acquire Sunflame Enterprises for $80m.

V-Guard, an Indian electricals and home appliances manufacturer, agreed to acquire Sunflame Enterprises, a computers and electronics manufacturing company, for $80m. "The proposed acquisition is a key milestone in V-Guard's journey to have deeper engagement with its consumers by providing thoughtful products and experiences. Sunflame is an iconic brand etched in the memories of Indian households and is expected to provide significant thrust to V-Guard's plans to become a leading Indian Kitchen Appliances player. We appreciate the trust reposed by SEPL's Promoter family in us to take the Sunflame brand to greater heights," Mithun Chittilappilly, V-Guard Managing Director.