Announced Thu, 2 Jul · 18:19 IST
Board approves new wholly owned subsidiary for battery storage business
Strategic Transactions View source PDF
PREMIERENE · price
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AI summary
Premier Energies board approved incorporating a wholly owned subsidiary for Battery Energy Storage Systems, battery cells, battery materials, and related electronics and software. Authorized share capital is Rs 10 lakh (1 lakh equity shares of Rs 10). The company will subscribe 50,000 shares worth Rs 5 lakh initially. Additional details will follow.
Likely market impact
Small capital allocation to enter battery storage and cell manufacturing segments, in line with the clean energy growth theme.