GRE Renew Enertech incorporates wholly owned subsidiary GRE Foundation

GRE Renew Enertech has informed the stock exchange about setting up a new wholly owned subsidiary named GRE Foundation. As a wholly owned subsidiary, the company will hold 100 percent stake in the new entity. No equity raise or share dilution is involved for existing shareholders. The company has not disclosed the capital infusion amount or the specific business activity of the new entity in the intimation. Such incorporations are generally used by companies to ring-fence specific business lines or activities within the group structure.