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Transrail Lighting Board Approves 49% Stake Acquisition for Rs 20 Crore

Transrail Lighting’s board approved a proposed 49% equity stake acquisition in NOPL Pace Green Energy for Rs 20 crore, subject to required approvals and agreed conditions.

TRANSRAILL

Transrail Lighting shares may be in focus on October 21 after the board approved the proposed purchase of a 49% equity stake in NOPL Pace Green Energy for Rs 20 crore in cash. The deal remains subject to required approvals and the fulfilment of agreed conditions. NOPL is developing a…