Business Update7 Jun 2024, 11:42 pm
EKI Energy Services Ltd to Sell 49% Stake in Subsidiary to Mr. Girish Bhayana for INR 5,14,50,000
AI Summary
EKI Energy Services Limited has executed a Share Purchase & Shareholder’s Agreement for the sale of 49% equity shares held by the Company in its Wholly Owned Subsidiary, EKI Power Trading Private Limited, to Mr. Girish Bhayana. The transaction is expected to be completed by January 31, 2025, with a net consideration of INR 5,14,50,000. Mr. Girish Bhayana is a renowned expert in the field of renewable energy consultancy, and the transaction does not involve any related parties.
Key Highlights
- EKI Energy Services Ltd to sell 49% stake in subsidiary EKI Power Trading Private Limited
- Transaction value at INR 5,14,50,000
- Buyer is Mr. Girish Bhayana, Founder & CMD of J.B. Power Consultants Pvt. Ltd.
- Transaction to be completed by January 31, 2025
- No related party involvement in the transaction