Fast-growing Energy Services Company Seeking Funds
by Charmi Gutka
A leading certified energy saving equipments maker for reactive compensation and service provider to the electricity utilities and industrial units, backed by engineer-promoters with over two decades of experience in the industry is seeking funds for growth.
The company has partnered with a MNC for cost benefits and has orders over R100 Cr.
The Foreign Investment Promotion Board (FIPB) green-signals broking firm Sharekhan Ltd.’s proposal to sell 100 per cent stake to BNP Paribas after many deferrals. This move will allow the former to entice foreign investment of worth Rs 2,060 crore. Currently, this procedure falls under FDI policy that means, a foreign investor can have up to 100 percent stake in a stockbroking firm only under the automatic route.