Gensol Engineering has purchased 51.68% equity shares amounting to 4,83,020 equity shares of Solarig Gensol Utilities (target company), 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 company 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.
Gensol Engineering is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across many countries, including India.
