News Announcement

LG Balakrishnan & Bros: Board Meeting Outcome for Intimation Under Regulation 30 Of SEBI LODR Regulations 2015

The Board has approved to make a strategic investment in Greenerg Mobility Solutions Private Limited by subscribing to equity shares having a face value of Rs.10/- each equivalent to 14.92% of the post-investment paid-up share capital for the aggregate consideration not exceeding Rs.6.00 Crores and subscribing to Secured Optionally Convertible Debentures for an aggregate nominal value not exceeding Rs.6.00 Crores in one or more tranches. Further the Board has approved for entering into the Share Subscription and Shareholders Agreement and the Debenture Subscription Agreement to regulate the rights and obligations and management of the Investee Company.


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