EKI Energy Services has received approval to acquire 49% equity shares of Glofix Advisory Services, subsidiary company, in addition to the 51% shares held by the company at present, and subsequently the said subsidiary company will become a Wholly Owned Subsidiary (WOS) of the company.
The strategic collaboration will enhance capability to offer a broader range of sustainable solutions and products, increased market share in the decarbonization sector, access to new technologies and project implementation. Cost of acquisition is Rs 13.30 lakh. The said acquisition is expected to be completed by July 31, 2024. The Board of Director of the Company in their meeting held on May 12, 2024 has inter-alia, approved the same.
EKI Energy Services is a well-recognized brand in the realm of ‘climate change, carbon credit, and sustainability solutions’ across the globe.
| Company Name | CMP |
|---|---|
| Syngene Internation. | 435.70 |
| Indegene | 486.80 |
| CMS Info Systems | 318.00 |
| JITF Infralogistics | 338.00 |
| Sagility | 42.95 |
| View more.. | |
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