EKI Energy Services has executed a Share Purchase & Shareholder’s agreement with Mr. Girish Bhayana and Wholly Owned Subsidiary (WOS) -- EKI Power Trading (Formerly Known as EKI Three Community Projects) for sale of 49% equity shares in WOS. The company will sell 49% equity shares of WOS to Mr. Girish Bhayana, Founder and CMD of J.B. Power Consultant. Under Girish Bhayana's astute guidance, J.B. Power Consultants has emerged as a leading consultancy firm, specializing in renewable energy projects. With an unwavering commitment to environmental stewardship, Girish Bhayana has cultivated a client base that includes industry giants such as Renew, Cleantech, Vedanta and Everrenew. The buyer does not belong to the promoter/promoter group/ group companies of the Company.
The sale was expected to be completed till June 30, 2024, however, pursuant to completion of various formalities and in line with the terms of the agreement, the timeline for the sale of WOS equity shares has been revised to complete the transaction till January 31, 2025.
EKI Energy Services is a well-recognized brand in the realm of ‘climate change, carbon credit, and sustainability solutions’ across the globe.
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