Comments
Birla Corporation Ltd on Friday said that its wholly owned subsidiary - RCCPL Private Ltd has completed the acquisition of 100 per cent equity shares of AAA Resources Private Ltd.
Further to the acquisition, AAA Resources would become a wholly owned subsidiary of RCCPL and a step down subsidiary of Birla Corporation, the company said in a notification to stock exchanges.
AAA Resources, which had a turnover of around ₹33 lakh as on March 31, 2021, is into mining and renewable power. The acquisition would give the company access to mineral concession and renewable power held by the acquired entity, it said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.