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Enviro Infra Engineers gets nod to acquire EIE Renewables
May-06-2025

Enviro Infra Engineers has received approval for acquisition of EIE Renewables. The Target Company is incorporated for the purpose of undertaking the business of power generation through renewable sources.

The proposed acquisition will enable the Company to tap the opportunities prevailing in the renewable energy sector and aligns with the long-term vision of the Company to expand into sustainable and future-oriented business segments. The initial cost of acquisition is Rs 10 lakh by acquiring 1,00,000 equity shares from the existing shareholders of the Target Company at a price of Rs 10 per share. The Company plans further to invest Rs 49.90 crore, either through fresh allotment or through loan which will have the option to convert such loan into equity shares in the Target Company, as may be decided, in one or more tranches, which will be intimated in due course.

The Board of Directors of the Company in its meeting held on May 06, 2025 inter-alia, considered and approved the same. 

Enviro Infra Engineers is engaged in designing, construction, operation and maintenance of water and wastewater treatment plants and water supply scheme projects for government authorities/bodies.

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