EMS Limited increases stake in Mirzapur Ghazipur STPs Private Limited to 74%
EMS Limited has announced the acquisition of an additional equity stake in Mirzapur Ghazipur STPs Private Limited, increasing its control in the subsidiary company. The company acquired 140 Equity Shares, representing a 14 percent stake in the entity. Following this transaction, EMS Limited will hold 74 percent of the paid up share capital in Mirzapur Ghazipur STPs Private Limited.The acquisition is being completed through a Share Purchase Agreement (SPA). The cost for acquiring the shares was Rs. 26.08 Lakhs, equating to Rs. 18,629 per share, as per the Valuation Report received from the Registered Valuer. The consideration for the purchase will be paid in...