Ujaas Energy has informed that the Board of Directors of the Company at its meeting held on May 07, 2014, has approved the proposal for investment in and acquisition of shares of the proposed Private Limited Company to make it a Wholly-Owned Subsidiary of the Company. Further the Board has decided to invest upto Rs 2 Crore towards the acquisition of shares and to provide financial assistance in the said Company. Further the Management Committee of the Company is authorized to take future decisions relating to the said subsidiary.
The above information is a part of company’s filings submitted to BSE.
