New Launch10 Aug 2025, 06:33 pm
Insolation Energy Ltd Incorporates Subsidiary 'MGVI Green Infra Five Private Limited'
AI Summary
Insolation Energy Ltd has incorporated a new subsidiary, MGVI Green Infra Five Private Limited, with a capital of Rs. 1,00,000. The new subsidiary will carry on the business of Solar Power Plant Development, erection, installation, establishment, construction, operation and maintenance, and Consultancy of any renewable Energy Power Plants. The promoters, Mr. Vikas Jain and Mr. Manish Gupta, hold 20% equity shares each. Insolation Energy Ltd will acquire 60% of the equity shares.
Key Highlights
- Insolation Energy Ltd incorporates a new subsidiary, MGVI Green Infra Five Private Limited
- MGVI Green Infra Five Private Limited has a capital of Rs. 1,00,000
- The new subsidiary will carry on the business of Solar Power Plant Development
- Promoters Mr. Vikas Jain and Mr. Manish Gupta hold 20% equity shares each
- Insolation Energy Ltd will acquire 60% of the equity shares