Bhagyanagar India Ltd Acquires 51% Stake in Crescentia Technology, Becomes Subsidiary

Bhagyanagar India Limited has acquired a 51% stake in Crescentia Technology Private Limited, making the latter a subsidiary of Bhagyanagar India Ltd. The acquisition is in line with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Crescentia Technology, incorporated in 2015, is involved in the business of trading, distributing, supplying, generating, transmitting, and manufacturing of solar energy related products. The acquisition does not involve any related party transactions and is done at arm's length. The company's paid-up capital is Rs. 10,00,000 (Ten Lakh Rupees).