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Prabhhans Industries Approves ₹117 Crore Acquisition Of Mtow And Reown


30 September 2026
Prabhhans Industries Ltd.

Acquired 100% of Mtow Mobility Private Limited for Rs 43.65cr and 100% of Reown Device Private Limited for Rs 73.51cr (aggregate Rs 117.16cr) via share swap at Rs 41.30/share. Mtow makes batteries, EVs and auto components with Rs 3844.48L FY26 revenue; Reown trades refurbished mobiles/electronics with nil revenue.


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