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Genus Power to Acquire 100% Stake in Smart Meter Company

Post-acquisition, Newlectric will become a wholly owned subsidiary of Genus Power

January 21, 2026

/ Melvin Mathew
/ Finance and M&A, Grid
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Rajasthan-based smart metering solutions and services provider Genus Power Infrastructure has signed a share purchase agreement to acquire the remaining 86.49% stake in Newlectric Innovation, a smart meter manufacturer.

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Melvin Mathew

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