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RattanIndia Enterprises inks pact to acquire 66.16% stake in Revolt Intellicorp

07 Oct 2022 Evaluate

RattanIndia Enterprises has entered into an agreement with Revolt Intellicorp (Revolt) and its promoter, Rahul Sharma to acquire 66.16% of the equity share capital of Revolt, resulting in an increase in the company’s stake in Revolt from 33.84% to 100%. Consequent to this acquisition, Revolt shall become a wholly owned subsidiary of the Company. Revolt is a next-gen mobility company manufacturing artificial intelligence enabled electric vehicles.

RattanIndia Enterprises is engaged in the business of Power generation, transmission and distribution of power and power advisory.

Peers
Company Name CMP
Bajaj Finserv 1846.00
TVS Holdings 12558.90
Cholamandalam Fin. 1473.15
Altius Telecom Infra 175.00
Kama Holdings 2234.30
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