Investment27 May 2026, 06:22 pm
Monte Carlo invests ₹40 Lakh in MCFL Energy Projects
AI Summary
Monte Carlo Fashions Ltd has invested ₹40 lakh in its wholly-owned subsidiary, MCFL Energy Projects Private Limited, through the allotment of 4,00,000 equity shares at ₹10 each. This brings the total investment in the subsidiary to ₹50 lakh. MCFL Energy Projects Private Limited was incorporated on January 19, 2026, to undertake solar power generation and related activities, including executing solar PV-based power projects under the PM KUSUM-C Scheme.
Key Highlights
- Monte Carlo invests ₹40 lakh in MCFL Energy Projects Private Limited.
- 4,00,000 equity shares of ₹10 each allotted to MCFL Energy Projects.
- Total investment in MCFL Energy Projects now stands at ₹50 lakh.
- MCFL Energy Projects focuses on solar power generation.
- Subsidiary incorporated to execute solar projects under PM KUSUM-C Scheme.
Price Impact
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