Tea & Coffee
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