Acquisitions4 Jun 2025, 02:30 pm
Croissance Ltd Increases Stake in Corbel Energy to 75%, Making it a Subsidiary
AI Summary
Croissance Ltd has decided to increase its stake in Corbel Energy Private Limited from 49% to 75%, thereby making it a subsidiary company. This decision was made following the approval of shareholders at the 01/2024-2025 Extra Ordinary General Meeting held on 08th April, 2024, and is in line with the company's expansion into the Green Energy and BioFuels business.
Key Highlights
- Croissance Ltd to increase stake in Corbel Energy to 75%
- Corbel Energy to become a subsidiary of Croissance Ltd
- Decision follows approval at the 01/2024-2025 Extra Ordinary General Meeting
- Part of Croissance Ltd's expansion into Green Energy and BioFuels business
- Corbel Energy currently involved in distilling, rectifying and blending of spirits; ethyl alcohol production from fermented materials, and agricultural activities on a fee or contract basis