Investment20 Jul 2026, 06:20 pm
Rudra Gas Enterprise Invests ₹3.5 Cr in Subsidiary Rudra Global Green Energy
AI Summary
Rudra Gas Enterprise Ltd has increased its investment in its subsidiary, Rudra Global Green Energy Private Limited, by allotting 35,00,000 equity shares worth ₹3,50,00,000. This investment will be utilized for the execution of existing and future tenders. The subsidiary's pre-issue paid-up capital was ₹1,00,000, which has now increased to ₹6,88,00,000 post-allotment. The subsidiary operates in the renewable energy sector, focusing on solar and other green technologies. The transaction is considered a related party transaction but was conducted at arm's length.
Key Highlights
- Rudra Gas Enterprise invested ₹3.5 Cr in its subsidiary.
- 35 lakh equity shares allotted to the parent company.
- Funds to be used for executing company tenders.
- Subsidiary's paid-up capital increased significantly.
- Investment is at arm's length, considered related party.
Price Impact
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