Silveroak Commercials to purchase immovable properties of Max Energy

Silveroak Commercials has received its board’s approval to purchase immovable properties land, building, plant & machinery of Max Energy at Nashik to manufacture electrical components, accessories, control panel, etc. The company has also received board’s nod to raise the finance for said purpose.

Further, the company proposes to issue redeemable, unsecured, non convertible debentures to promoters, body corporate on private placement basis.