Anant Raj has received approval from Finance and Investment Committee for an additional investment in Romano Projects (RPPL/Subsidiary Company), by acquiring 12,500 fully paid-up equity shares, representing 25% of paid-up equity share capital from the existing equity shareholder of the Subsidiary Company. After this acquisition, RPPL will become a Wholly Owned Subsidiary of the Company.
The proposed acquisition is being undertaken with the objective of achieving complete ownership and control over the Romano Projects by acquiring the remaining 25% of its paid-up equity share capital from the existing shareholder. Upon completion of the transaction, the Romano Projects will become a wholly owned subsidiary of the Company.
The acquisition is expected to result in operational synergies, streamlined decision-making, and enhanced managerial control, thereby strengthening the Company's overall business position.
Anant Raj is one of India’s leading Infrastructure Development Enterprise.
