Genus Power Infrastructures’ wholly owned subsidiary -- Genus Power Solutions (GPSPL) has entered into Share Purchase Agreement (SPA) on June 30, 2024 for purchase of 30,000 equity shares representing 30% of the total share capital of Maharashtra Akola Amravati Smart Metering. Upon completion of the aforesaid transfer of shares, Maharashtra Akola Amravati Smart Metering would become a wholly owned subsidiary of GPSPL and a wholly owned stepdown subsidiary of the company.
Genus Power Infrastructures (GPIL) is engaged in the manufacture and distribution of electronic energy meters, power distribution management projects, hybrid microcircuits, inverters, batteries, home UPS and online UPS in India and abroad.
