India, Sept. 24 -- Bajaj Electricals has announced that it will acquire the intellectual property and brand rights of Morphy Richards for India and neighbouring countries, including Nepal, Bhutan, Bangladesh, the Maldives, and Sri Lanka, from Glen Electric, part of the Ireland-based Glen Dimplex Group.
The company informed stock exchanges that its board has approved the deal for Rs 146 crore, marking a strategic move to expand its footprint in the home appliances segment across the region.
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