
Investment3 April 2026 at 02:31 pm
Retro Green Revolution to Acquire Up to 36% Stake in Sevenglow Lights Limited
AI Summary
Retro Green Revolution Limited has signed a revised Memorandum of Understanding (MOU) with Sevenglow Lights Limited for a proposed strategic investment. The company plans to acquire an initial equity stake of up to 36% in Sevenglow Lights Limited, with the potential to increase up to 100% in phases, subject to achievement of agreed milestones and mutual consent. The investment aims to support business expansion, strategic growth, and long-term value creation. The MOU is non-binding and subject to due diligence, regulatory approvals, and execution of definitive agreements.
Key Highlights
- Retro Green Revolution to acquire up to 36% stake in Sevenglow Lights Limited
- Investment aimed at business expansion, strategic growth, and long-term value creation
- Shareholding may be increased up to 100% in phases
- Transaction subject to due diligence, regulatory approvals, and definitive agreements
- MOU non-binding, except for certain standard clauses
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