GEM Enviro Management Invests ₹5.07 Cr for 26% Stake in Solluz Energy

GEM Enviro Management Ltd has entered into a Share Subscription Agreement with Solluz Energy Private Limited to acquire 21,10,680 equity shares, representing a 26% stake in Solluz. The investment amounts to ₹5,06,56,320 for shares with a face value of ₹10 each, priced at ₹24 per share (including a premium of ₹14). This transaction will make Solluz an associate of GEM Enviro Management. The agreement includes significant terms such as the right to appoint up to two directors on Solluz's board, pre-emptive rights on future equity issuances, and first right of offer on share transfers by Solluz's promoters.