Acquisitions2 Feb 2024, 01:03 am
Mahanagar Gas Limited Acquires Unison Enviro Private Limited
AI Summary
Mahanagar Gas Limited has acquired 100% equity shares of Unison Enviro Private Limited (UEPL) for a cash consideration of Rs. 562.09 Crore, making UEPL a wholly-owned subsidiary of the company. The acquisition was done on an arms' length basis, and the company has provided a corporate guarantee for UEPL's borrowings.,
Key Highlights
- Acquisition of Unison Enviro Private Limited
- Wholly-Owned Subsidiary
- Cash Consideration of Rs. 562.09 Crore
- Arms' Length Basis
- Corporate Guarantee for UEPL's Borrowings