Desco Infratech to Acquire 75% Stake in Shri Green Agro Energies, Diversifying into Compressed Bio Gas and Renewable Energy

Desco Infratech Ltd has announced its intention to acquire 75% equity shareholding in Shri Green Agro Energies Private Limited. The company plans to enter a new business segment relating to Compressed Bio Gas (CBG) and other allied renewable and sustainable energy activities. This diversification aims to align and expand the objects of the company with the business activities of the proposed acquisition. The new business segment will enable Desco Infratech to undertake activities presently carried out by the proposed acquiree company, including development, production, processing, storage, distribution and sale of Compressed Bio-gas (CBG), bio- energy products and allied by-products. The company will make further disclosures as and when required, in accordance with applicable provisions of SEBI (LODR) Regulations, 2015.