Subsidiary23 Jun 2026, 03:47 pm
Rudra Gas Enterprise Incorporates Subsidiary Rudra Bio Energy
AI Summary
Rudra Gas Enterprise Ltd has announced the incorporation of its wholly-owned subsidiary, Rudra Bio Energy Private Limited, on June 20, 2026. The subsidiary, which is yet to commence business, aims to expand the company's business horizons in the bio-fuels sector. Rudra Gas Enterprise has invested ₹51,000 for a 51% stake in the new entity. The incorporation does not involve related party transactions and the promoters have no interest in the subsidiary.
Key Highlights
- Rudra Gas Enterprise incorporated a new subsidiary, Rudra Bio Energy Private Limited.
- The subsidiary will focus on the bio-fuels sector.
- Rudra Gas Enterprise invested ₹51,000 for a 51% stake.
- The incorporation is not a related party transaction.
- This move aims to expand the company's business operations.
Price Impact
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