Craftsman Automation Arm Acquires Suprash Developers for ₹146 Cr Tamil Nadu Plant

• Craftsman Automation's subsidiary, DR Axion India Pvt. Ltd., will acquire 100% stake in Suprash Developers Pvt. Ltd. for ₹146 crore.
• The acquisition aims to establish a new manufacturing plant in Tamil Nadu, strengthening Craftsman Automation's footprint.
• DR Axion will also indirectly acquire Srikara Technologies Pvt. Ltd., a wholly-owned subsidiary of Suprash Developers.
• Suprash Developers and Srikara Technologies will serve as special purpose vehicles, owning 52.83 acres at Araneri, Tamil Nadu.
• This move expands Craftsman Automation's manufacturing capacity in the region.

Why It Matters: Craftsman Automation expands manufacturing in Tamil Nadu via ₹146 crore acquisition for new plant.