Gensol Engineering Ltd acquires 51.68% stake in Solarig Gensol Utilities Pvt Ltd

Gensol Engineering Ltd has purchased 51.68% equity shares amounting to 4,83,020 equity shares of Solarig Gensol Utilities Private Limited ("The target company") having CIN: U74120GJ2015FTC082558, which is registered with the Registrar of Companies, Ahmedabad. The company is holding 48.32 % equity shares amounting to 4,51,475 equity shares by virtue of this transaction the target will become the wholly owned subsidiary of the company.

The target company is in the business of operation and maintenance of Solar power plants across India. The target company provides comprehensive O&M and Manpower services. The target company helps client in maintaining their Solar assert.

Source : Equity Bulls

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