Krystal acquires Citelum India for ₹10,000

Krystal Integrated Services signed a Share Purchase Agreement on 12 May 2026 to acquire 100% equity shares of Citelum India for ₹10,000. This acquisition, approved by the Board on 7 May 2026, positions Citelum India as a wholly-owned subsidiary, enhancing Krystal's capabilities in smart city infrastructure management across major Indian cities.

The deal underscores Krystal's strategic expansion into advanced smart lighting and IoT connectivity, which could bolster its market presence in the growing smart city sector.

Not investment advice. For informational purposes only.