Bajaj Electricals Ltd on Tuesday said its board has approved a proposal to acquire Morphy Richards and related intellectual property rights in India and five neighbouring markets from Ireland’s Glen Electric Ltd, part of the Glen Dimplex Group.
The company will purchase the brand's rights across India, Nepal, Bhutan, Bangladesh, the Maldives, and Sri Lanka for a consideration of Rs 146 crore, exclusive of taxes and duties payable in the region, Bajaj Electricals said in a regulatory filing.
The acquisition will be subject to the negotiation and signing of definitive agreements between the parties, along with requisite statutory and regulatory approvals.
“The board of directors, at its meeting held on September 23, 2025, gave its consent to the proposed transaction,” the company said, adding that it will make further disclosures as the deal progresses.
The board meeting commenced at 6:00 pm and concluded at 6:35 pm, it added.
Bajaj Electricals has been associated with the Morphy Richards brand for more than two decades through a licensing arrangement for marketing and distribution in India.
With this acquisition, the company will secure outright ownership of the brand rights in the specified territories.
The company will purchase the brand's rights across India, Nepal, Bhutan, Bangladesh, the Maldives, and Sri Lanka for a consideration of Rs 146 crore, exclusive of taxes and duties payable in the region, Bajaj Electricals said in a regulatory filing.
The acquisition will be subject to the negotiation and signing of definitive agreements between the parties, along with requisite statutory and regulatory approvals.
“The board of directors, at its meeting held on September 23, 2025, gave its consent to the proposed transaction,” the company said, adding that it will make further disclosures as the deal progresses.
The board meeting commenced at 6:00 pm and concluded at 6:35 pm, it added.
Bajaj Electricals has been associated with the Morphy Richards brand for more than two decades through a licensing arrangement for marketing and distribution in India.
With this acquisition, the company will secure outright ownership of the brand rights in the specified territories.
You may also like
Kuwait sees over 2,600 divorces in 2025 amid surge in early marital breakdowns and khula cases
"I can't say what our children will do tomorrow": Farooq Abdullah expresses concern for J-K youth after violent protest in Ladakh
Lloyds, Halifax and Bank of Scotland announce 49 more bank closures - see list
Jo Malone's 2025 advent calendar gives £140 savings on perfumes, candles and more
Bristol school coach crashes into ditch with 29 children and 4 staff on board
