RDB Infrastructure to acquire 42.50% stake in Maxim Industries

RDB Infrastructure And Power Ltd has executed a Shareholders Agreement with Maxim Industries Private Limited and its other shareholders to establish and operate a solar cell manufacturing plant in Chhattisgarh. Upon achievement of milestones, RDB Infrastructure will acquire a 42.50% stake in Maxim Industries. RDB currently holds a 29% equity stake in Maxim. The agreement grants RDB the right to appoint an equal number of directors as Shank Investments Private Limited, and initially, each of the three parties will have one nominee director on the board.