Home India Indag Rubber to acquire more than 51% stake in five companies
Indag Rubber to acquire more than 51% stake in five companies

Indag Rubber to acquire more than 51% stake in five companies

63
0

Indag Rubber has agreed to acquire more than 51% shares or voting rights in five companies – Samyama Jyothi Solar Energy, Poorvaj Solar Energy, SUN Solar KFP Bellari, BG SUN Solar Hiriyur and Arete Elena Energy.

The total investment in above named 5 companies would not exceed more than Rs 30 crore in aggregate. The aforesaid 5 companies are Special Purpose Vehicle (SPV) which are yet to commence its business.

Indag Rubber is a tread manufacturing company. The company is engaged in the manufacturing of the Precured Tread Rubber, Bonding Repair and Extrusion Gum, and Rubber Cement, which are used for retreading of tires.

Source:Livemint

(63)

Anand Gupta Editor - EQ Int'l Media Network

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *