Desco Infratech Acquires 75% Stake in Shri Green Agro Energies for Rs. 20,00,000
Desco Infratech Acquires 75% Stake in Shri Green Agro Energies for Rs. 20,00,000 is drawing significant interest across the industry.
Desco Infratech Limited acquired 75% controlling stake in Shri Green Agro Energies Private Limited for Rs. 20,00,000 through rights issue subscription of 2,00,000 equity shares. The target company, incorporated in 2022, operates in agro-energy and CBG project development with nil turnover in recent years. This strategic acquisition expands Desco's footprint into renewable energy and sustainable infrastructure, making SGAEPL its subsidiary under regulatory definitions.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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