Gensol Engineering has subscribed 98,000 Equity Shares by investing Rs 9,80,000.00 in Gensol EV Lease, by virtue of this transaction, the target Company will become the subsidiary company of the Gensol Engineering.
With view to enter into business of leasing of Electric vehicles and accordance with business strategy of the company, the Company has invested and acquired 98.00% Equity of the target Company. Further, the company has already persuaded into renewable energy sector and to develop new of wing business, the company has acquired shares in the target company.
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.
