Craftsman Automation shares rise 8.79% after MoU for potential acquisition of Sunbeam's business.

Craftsman Automation shares surge 8.79% to Rs 5,260 after announcing an MoU with Sunbeam and Kedaara Capital for the potential acquisition of Sunbeam's business. The deal, pending due diligence, board approval, and legal conditions, involves the acquisition of Sunbeam's whole or part of business in tranches. Craftsman Automation is a diversified engineering firm with automotive, aluminum, and industrial business segments.