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Thursday, September 20, 2012 - 10:29 IST
Praj Inds picks additional 9.8% stake in water treatment firm Neela Systems for $2.3M
BY Bhawna Gupta
Praj is backed by Rakesh Jhunjhunwala, Vinod Khosla and Norwegian sovereign wealth fund among others.
Praj Industries Ltd has acquired additional 9.8 per cent stake in its Mumbai-based subsidiary Neela Systems Ltd for Rs 12.49 crore ($2.3 million), according to a company disclosure.
Post-transaction, Praj Industries will be holding 60 per...
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