“The company has entered into definitive agreements for acquisition of 55 per cent stake of GGT through a combination of purchase of equity shares from GGT promoters and by way of subscription to compulsorily Convertible Preference Shares for an aggregate consideration of up to Rs 319.38 crore,” it said in an exchange filing.

Bengaluru-based G G Tronics (GGT) specializes in designing, manufacturing, supplying, and installing electronic safety embedded signalling systems for the railway transportation segment, the filing said.