MAHLE Holding (India) Private Limited agreed to acquire 15.156% stake in India Nippon Electricals Limited (NSEI:INDNIPPON) from MAHLE Electric Drives Japan Corporation on December 17, 2019. Under the terms, MAHLE Holding (India) Private Limited will acquire 3.43 million shares of India Nippon Electricals Limited. Post acquisition, MAHLE Electric Drives Japan Corporation will hold 5.364% stake in India Nippon Electricals Limited. The transaction is expected to complete on December 24, 2019. MAHLE Holding (India) Private Limited completed the acquisition of 15.156% stake in India Nippon Electricals Limited (NSEI:INDNIPPON) from MAHLE Electric Drives Japan Corporation on January 1, 2020.