Joint Ventures30 March 2026 at 05:11 pm
Josts Engineering Company Ltd Sells Entire Stake in Joint Venture for Rs. 1,03,100
AI Summary
Josts Engineering Company Ltd has completed the sale of its entire 50% equity investment in its Joint Venture, Suryavayu Renewable and Energy Solutions Private Limited (SRESPL), to Kay Cee Energy & Infra Limited for a consideration of Rs. 1,03,100. This transaction marks the end of SRESPL's status as a Joint Venture of Josts Engineering Company Ltd, effective from 30th March, 2026.
Key Highlights
- Josts Engineering Company Ltd has sold its entire 50% equity investment in Suryavayu Renewable and Energy Solutions Private Limited (SRESPL) to Kay Cee Energy & Infra Limited
- The transaction was completed upon receipt of a consideration of Rs. 1,03,100
- SRESPL has ceased to be a Joint Venture of Josts Engineering Company Ltd with effect from 30th March, 2026
- This development comes after the approval of the proposal for divestment, as announced on March 24th, 2026