Subsidiary15 May 2026, 03:11 pm
Emrock Corp Acquires 50.49% Stake in Emrock Energy
AI Summary
Emrock Corporation Ltd. has acquired a 50.49% equity stake in Emrock Energy Private Limited through preferential allotment/private placement, making Emrock Energy a subsidiary. The transaction complies with Regulation 30 of SEBI (LODR) Regulations, 2015. Emrock Energy's authorized and paid-up share capital is ₹1,00,00,000 each. Directors of Emrock Corporation are also directors/promoters of Emrock Energy. The subsidiary will focus on renewable energy and waste management.
Key Highlights
- Emrock Corp acquires 50.49% stake in Emrock Energy via preferential allotment.
- Emrock Energy becomes a subsidiary of Emrock Corporation Ltd.
- The acquisition is an arm's length transaction based on valuation report.
- Emrock Energy focuses on renewable energy and waste management.
- Directors of Emrock Corp are also directors/promoters of Emrock Energy.