Gensol Engineering has subscribed 9,999 Equity Shares which is 99.99% of total share capital of the company by investing Rs 99,990 in Gridstor Energy (The target company), by virtue of this transaction, the target company will become the wholly-owned subsidiary company of the Gensol Engineering.
The company wants to carry out business of generation, development, accumulation, production, manufacturing, processing and distributing of any kind of power or electrical energy using wind energy, solar energy, renewable energy, battery storage etc., through its wholly-owned subsidiary 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.
