Olectra Greentech and EVEY Trans have further acquired 5,01,717 and 5,00,00,000 additional equity shares of Rs 10 each respectively in ‘EVEY TRANS (MSR)’ which will specifically act as a Special Purpose Vehicle for executing the Contract with MSRTC. Consequent to the further allotment, company's stake in EVEY TRANS (MSR) has come down to 1% against initial 34% stake.
As of now, post-acquisition of additional 5,01,717 Equity Shares, the company holds total 5,05, 117 equity shares (including existing shares) amounting to 1% stake in EVEY Trans (MSR).
Olectra Greentech is primarily engaged in the manufacturing of composite polymer insulators and electrical buses.
