Olectra Greentech Latest Acquisition in Evey:
Olectra Greentech has recently made a strategic move by acquiring a 26% stake in Evey Trans Private Limited for a sum of Rs 26,000, according to an official exchange filing. This acquisition of 2,600 equity shares is expected to benefit Olectra Greentech Limited in multiple ways, as it will add to the company’s growing list of green energy solutions.
Evey Trans Private Limited has an authorized capital of Rs 15,00,000 and a paid-up capital of Rs 1,00,000. The company specializes in operating and leasing electric vehicles, primarily to fulfill its contract with TSRTC as a special purpose vehicle. The company was incorporated on August 4, 2022.
About Olectra Greentech:
Olectra Greentech is an Indian company that specializes in the production of composite polymer insulators and electric buses. The company has two main segments: the Insulator division and the e-bus division. Its diverse range of products includes power insulators and electric buses.
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