Board Meeting14 Jul 2024, 12:33 am
TCC Concept Ltd to Acquire Natural Environment Solutions for Rs. 461 Crore
AI Summary
TCC Concept Ltd announced the acquisition of Natural Environment Solutions Private Limited (NES) at a valuation of Rs. 461,03,12,960. The acquisition will be through the issuance of shares to promoters and non-promoters at an issue price of Rs. 352 per share. Post-acquisition, NES will become a 100% subsidiary of TCC Concept Ltd. The transaction is a related party transaction and requires approval from the members. The company also decided to increase its authorized capital from Rs. 25,00,00,000 to Rs. 40,00,00,000.
Key Highlights
- TCC Concept Ltd to acquire Natural Environment Solutions Private Limited for Rs. 461 Crore
- The acquisition will be through the issuance of shares to promoters and non-promoters at an issue price of Rs. 352 per share
- Post-acquisition, NES will become a 100% subsidiary of TCC Concept Ltd
- The transaction is a related party transaction and requires approval from the members
- The company also decided to increase its authorized capital from Rs. 25,00,00,000 to Rs. 40,00,00,000