GP Eco Solutions India Limited — Important, 21-06-2025: Disclosure of material issue
21-06-2025 | 05:08 pm
21-06-2025 | 05:08 pm
GP Eco Solutions India Limited has announced a board meeting on the allotment of 29.57 lakh shares (51% stake) in AN3 Techno Power Limited at Rs. 10 per share for Rs. 29.57 Cr via cash consideration, making AN3 Techno Power its subsidiary. AN3 Techno Power, a lithium-based smart fuel tech company specializing in energy storage systems (Battery Energy Storage System - BESS), enhances GP Eco’s vertical integration by bringing in-house manufacturing capacity, reducing supplier dependence, and strengthening its presence in the energy storage segment alongside its solar energy business. The acquisition aligns with GP Eco’s strategy to become a fully integrated solar and energy storage solutions provider.
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