MoU1 Mar 2024, 06:51 pm
TANEJA AEROSPACE & AVIATION LTD. ENTERS INTO SHAREHOLDER'S CUM INVESTMENT AGREEMENT
AI Summary
Taneja Aerospace and Aviation Limited (TAAL) has entered into a Shareholders’ cum Investment Agreement with Altair Infrasec Private Limited and invested Rs. 20 crores in the Company. The agreement includes significant terms such as right to appoint Board directors, first right to share subscription in case of issuance of shares, and right to restrict any change in capital structure.,
Key Highlights
- Entered into Shareholders’ cum Investment Agreement with Altair Infrasec Private Limited
- Invested Rs. 20 crores in the Company
- Right to appoint Board directors
- First right to share subscription in case of issuance of shares
- Right to restrict any change in capital structure