PG Electroplast has entered into an Amendment Agreement with Solarstream Renewable Services (Target Company) to additionally acquire 5.1% equity of the Target Company aggregating to 15.2% equity. The object of the acquisition is to additionally purchase 1.04 MW / 1.55 MWp Solar Power aggregating to 3.10 MW / 4.65 MWp Solar Power generated at the Solar Power Plant to meet the electricity requirement for the company's manufacturing plants located at Greater Noida, Uttar Pradesh in terms of the (Indian) Electricity Act, 2013. Indicative time period for completion of the acquisition is June 30, 2022.
PG Electroplast is a diversified Electronic Manufacturing Services and Plastic Injection Molding company catering to leading OEMs in Consumer Electronics and Automotive Industry.
