Advance Metering Technology has disinvested its entire shareholding in R S Infosystem in order to focus in its core business. The board of directors at its meeting held on April 30, 2014 has resolved to disinvest and has since disinvested the shares. Last year in October, the company had acquired 51% stake in R S Infosystems at a total cost of Rs 30.09 million.
Advance Metering Technology engages in the generation of power from renewable energy sources in India. The company focuses on producing electricity through wind, hydro, bio-fuel, and solar energy sources. It also manufactures a range of energy meters, as well as provides energy audit/management services.
