Acquisitions1 April 2026 at 10:50 am
Rudra Gas Enterprise to Acquire 71% Stake in DS Pipeline Projects for INR 18.38 Crores
AI Summary
Rudra Gas Enterprise Ltd has entered into a Share Purchase Agreement to acquire 71% stake in DS Pipeline Projects Limited (DSPL) for a value of INR 18,38,28,330. The acquisition is subject to customary conditions precedent and regulatory approvals. The acquisition is aimed at expanding and diversifying Rudra Gas Enterprise's existing business operations.
Key Highlights
- Rudra Gas Enterprise to acquire 71% stake in DS Pipeline Projects Limited
- Transaction value is INR 18,38,28,330
- Acquisition subject to customary conditions and regulatory approvals
- Objective is to expand and diversify existing business operations