Concord Enviro Invests ₹10.54 Cr in Subsidiary RSSIPL

Concord Enviro Systems Ltd has made a further investment of ₹10,53,55,536.40 by subscribing to 3448 Equity Shares of Rs. 100.00 each, on a rights basis, in its wholly-owned subsidiary, Rochem Separation Systems (India) Private Limited (RSSIPL). The issue price per share was Rs. 30,555.55. This investment is in furtherance of the objects of the Initial Public Offer and is intended to finance RSSIPL's capital expenditure for its brownfield expansion project at Vasai. RSSIPL is engaged in water and wastewater treatment solutions. The transaction is at arm's length, and RSSIPL remains a wholly-owned subsidiary post-investment.