Breaking News

You are here » Indian-Commodity  :  Corporate  :  Jiya Eco-Products to acquire 33.79% stake in Jiya Eco India

22-Mar2018

Jiya Eco-Products to acquire 33.79% stake in Jiya Eco India

Jiya Eco-Products has proposed to acquire total 574000 shares comprising of 33.79% of Jiya Eco India at face value. After such acquisition, Jiya Eco India will become wholly owned subsidiary of the company.

With this, both the companies will get benefit of each other. This strategic tie-up is to get direct benefit of good network and retail customer base of Jiya Eco India and the management of Jiya Eco India is expecting to increase its customer base to 1000 customers in coming 2-3 years. This decision will ultimately reflect the turnover of Jiya Eco-Products and is also expecting to grow in a better way.

Jiya Eco-Products is engaged in the manufacturing of bio-fuels viz. bio-briquettes and bio-pellets which is an alternative source of energy and has the ability to replace/are fairly good substitutes of traditional fossil fuels like coal, firewood, lignite, etc.


Related News

View all news

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......

Crisil downgrades DHFL's commercial papers worth Rs 850 crore

Credit Rating Agency Crisil has downgraded Dewan Housing Finance Corporation's commercial paper worth Rs 850 crore from A3+ to A4+. Its rating also continues to be on 'Rating Watch with Negative Implications'.......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......