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BSE SENSEX
73,730.16
-609.28
-0.82 %
Corporate Announcement
Security Code
540222
Company
Laurus Labs Ltd
Exchange Received Time
24/11/2022 17:00:07
Exchange Disseminated Time
24/11/2022 17:00:07
Time Taken
00:00:00
Entering Into Share Subscription Agreement And Shareholders' Agreement With M/S. Ethan Energy India Private Limited |
11/24/2022 5:00:07 PM
This is to inform you that Laurus Labs Limited ('the Company'), as per the policy of the Government for captive consumption of power, has entered into Share Subscription Agreement and Shareholders' Agreement on November 23, 2022 with M/s.Ethan Energy India Private Limited for subscribing 7,40,000 (Seven Lakh Forty Thousand) Equity Shares of face value of INR 10/-(Indian Rupees Ten Only) each at a premium of INR 42.70 /- (Indian Rupees Forty Two Seventy Paise Only) which is equivalent to 26% of the paid up capital of Ethan Energy India Private Limited. This will enable the Company to consume 100% of the solar energy to be supplied by Ethan Energy India Private Limited from their 10 MW Solar Energy plant.
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