Mega Corporation Ltd to launch EV division

Mega Corporation Limited, a registered Non-Banking Financial Company (NBFC) listed on BSE, have proposed to launch a new division dedicated to financing for/to Electric Vehicle (EV) including EV batteries, rickshaws and other related ventures and projects. This initiative, branded as "Lendingo"" aims to support the growing EV sector and contribute to sustainable solutions.

The establishment of "Lendingo" aligns with our strategic objectives in addition to our financial services portfolio and foster internal growth within the company. By facilitating accessible financing options for EVs, we aim to promote the adoption of electric mobility as part of our green funding initiatives. This effort supports environmental sustainability while also enhancing our engagement with the Micro, Small, and Medium Enterprises (MSME) sector by extending credit to registered MSMEs.

Shares of MEGA CORPORATION LTD. was last trading in BSE at Rs. 4.23 as compared to the previous close of Rs. 4.43. The total number of shares traded during the day was 78082 in over 154 trades.

The stock hit an intraday high of Rs. 4.48 and intraday low of 4.21. The net turnover during the day was Rs. 331603.00.

Source : Equity Bulls

Keywords

MEGACORPORATION INE804B01023 NBFC NewDivision ElectricVehicle