Cellecor Promoters Cash Out, Double Down: Stake Sale Fuels Growth Reinvestment

Cellecor Gadgets Ltd, a rising player in India’s consumer electronics space, has announced that its promoters have completed a significant stake sale, offloading 1 crore shares while retaining a 45.8% holding in the company. In a strategic move that signals long-term confidence, the entire proceeds from the sale are being reinvested into the business to accelerate growth, enhance liquidity, and support upcoming product launches.

 

The company, known for its smart TVs, wearables, and mobile accessories, recently reported stellar FY25 results, which helped drive investor interest and a 7% surge in share price, closing at ₹59.15. The promoters emphasized that the capital infusion will be used to scale manufacturing, expand distribution, and strengthen R&D—particularly in the Google TV and QLED segments, where Cellecor has partnered with Zetwerk Manufacturing.

 

This reinvestment strategy aligns with Cellecor’s vision to become a top-tier Indian electronics brand, leveraging its lean balance sheet and growing brand equity.

 

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Source: DSIJ – Cellecor Promoters Reinvest Stake Sale Proceeds | Mobility India – Promoters Back Growth with Capital