Platinum Ocean Energy has received an approval to buy 37.4% equity shares of Geneombio Technologies. The company has also received approval to buy 51% equity shares of Aim Filtertech, Membrane Filter (I) and Opal Luxury Time Products by swap of equity shares on preferential basis, based on the valuation report dated July 21, 2011 given by Partner of Pankaj P Singhi & Co., Chartered Accountants. The company has received an approval at its board meeting held on August 05, 2011.
Platinum Ocean Energy incorporated as a finance and investment company, has diversified into the petroleum business. Earlier known as Kayton Trade & Finance, it got its present name with effect from June 15, 2006.