11 Apr 2022 , 03:32 PM
The company will restructure the business to capture the growth in Asian Countries, the Middle East, and the USA through Joint Venture/Special Purpose Vehicle by onboarding a strategic partner/investor partner by way of sale or disposal of all or part of assets/investments of subsidiaries, material subsidiaries or step down subsidiaries.
The Company will utilize the proceeds of the restructuring for debt repayment, Capex for Composite Cylinders (LPG/CNG/Hydrogen) & Core Business in India to cater to huge market demand and Benefit the shareholders.
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