Revathi Equipment Ltd has announced that the Company has acquired 40% stake in the equity share capital of M/s. Potential Service Consultants Pvt Ltd, Bangalore, a Company providing Engineering design solutions in the field of construction industry, for a consideration of Rs 30,00,00,360/-.
The Company has also agreed to acquire another 11% of Equity of Potential Service Consultants Pvt Ltd on pre agreed basis of valuation on July 31, 2009.