By: ICN Bureau
Last updated : August 21, 2021 11:03 am
The cost to acquire 50% stake in SMTPL will be INR 1.00 crore Equity Shares of Rs 10 each by way of further issuance of equity shares by SMTPL.
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Adani Total Gas Ltd
Adani Total Gas Ltd has executed a Share Subscription and Shareholders' Agreement on 20th August, 2021 (SSSA) with GSEC Limited (GSEC) and Smartmeters Technologies Private Limited ("SMTPL") to acquire 50% stake in Smartmeters Technologies Private Limited.
The cost to acquire 50% stake in SMTPL will be INR 1.00 crore Equity Shares of Rs 10 each by way of further issuance of equity shares by SMTPL.
SMTPL was incorporated on 7th October, 2019 and engaged in the business of manufacturing of smart measuring instruments like prepaid smart gas meter, AMR etc., and its allied products with end-to-end solutions.