Announced Mon, 29 Jun · 16:41 IST
L.K. Mehta Polymers to set up wholly owned subsidiary for green energy
Strategic Transactions View source PDF
Price
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Price reaction · full curve
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AI summary
Board approved incorporation of L.K. Mehta Green Private Limited, a 100 percent wholly owned subsidiary, to enter the green and renewable energy space. New entity will cover solar, wind, bio-energy, plastic recycling, and sustainable technologies. Investment is Rs 1 lakh via 10,000 equity shares of Rs 10 each. Move is part of diversification strategy beyond the core polymer business.
Likely market impact
Small Rs 1 lakh investment but signals diversification into green energy. Long-term growth optionality, minimal near-term stock impact.