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Brigade Enterprises announces acquisition of 63% stake in Tandem Allied Services

Brigade Enterprises announces acquisition of 63% stake in Tandem Allied Services

July 02, 2022 1:13 IST | capital market
Brigade Enterprises announced that its wholly owned subsidiary, WTC Trades & Projects has acquired 63% stake in the equity shares of the Tandem Allied Services from its existing shareholders. Tandem Allied Services has become a subsidiary of WTC Trades & Projects and a step down subsidiary of Brigade Enterprises due to the aforesaid acquisition. Prior to this acquisition, Tandem Allied Services was an associate company of Brigade Enterprises. The acquisition is made with the objective of consolidating the groups facility management business under one division and giving it a focused approach in taking it to the next level of growth. Powered by Capital Market - Live News

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