Rithwik Facility Management Services Ltd — Updates, 26-04-2025: Company Update

Rithwik Facility Management Services Limited has approved an additional 24% investment in the equity share capital of Rithwik Indus Power Private Limited, increasing its stake from 76% to 100%. The acquisition, involving a cash consideration of ₹24,000, is aimed at enhancing Rithwik's foothold in the power generation sector, where the target entity has yet to commence operations. This strategic move may bolster Rithwik's operational capabilities and align with its growth objectives, potentially presenting a positive outlook for investors. The acquisition is expected to be completed within a month.