Olectra Greentech Ltd forms JV company Evey Trans MSR Pvt Ltd

Olectra Greentech Limited (the "Company"/ "Olectra") in association with EVEY TRANS PRIVATE LIMITED ("EVEY") has incorporated "EVEY TRANS (MSR) PRIVATE LIMITED" (CIN: U49226TS2023PTC174993) with the Registrar of Companies, Hyderabad on July 14, 2023.

Further, Olectra has subscribed for 3,400 equity shares (34% stake) of Rs. 10/- each in the newly incorporated Company.

The Associate Company will be into the business of owning, operating and/or leasing of Electric Vehicles (specifically for executing the contract with MSRTC as a 'Special Purpose Vehicle' in terms of the tender conditions).

Shares of Olectra Greentech Limited was last trading in BSE at Rs. 1254.70 as compared to the previous close of Rs. 1245.00. The total number of shares traded during the day was 32259 in over 3201 trades.

The stock hit an intraday high of Rs. 1280.00 and intraday low of 1245.00. The net turnover during the day was Rs. 40672804.00.

Source : Equity Bulls

Keywords

OlectraGreentech INE260D01016 EveyTransMSR Investment