Partnership11 Nov 2026, 06:50 pm
Gita Renewable Energy Partners with Penthouse Properties LLP
AI Summary
Gita Renewable Energy Ltd announced that its Board of Directors has approved the company becoming a partner of Penthouse Properties LLP. As part of this partnership, Gita Renewable Energy will transfer 22,05,022 equity shares of Manaksia Coated Metals & Industries Limited, representing approximately 2.08% of its equity share capital, as capital contribution to Penthouse Properties LLP. The company will be entitled to a 5% share in the profits and losses of the LLP. Penthouse Properties LLP is not related to Gita Renewable Energy's promoter or promoter group.
Key Highlights
- Gita Renewable Energy to become a partner in Penthouse Properties LLP.
- Transfer of 22,05,022 equity shares of Manaksia Coated Metals & Industries.
- The shares represent approximately 2.08% of Manaksia Coated Metals & Industries' equity.
- Gita Renewable Energy will receive a 5% share of profits and losses from the LLP.
- The LLP is not related to the company's promoter group.
Price Impact
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