Ravindra Energy Limited (RELTD)
Press Release
Ravindra Energy Limited (REL) and Energy In Motion Limited (EIM) approved a merger scheme where EIM will merge into REL. The combined entity, to be renamed Energy In Motion Limited, will integrate renewable energy and electric mobility platforms focused on electric heavy commercial vehicles and battery-as-a-service. J M Baxi Group will become co-promoter. The merger is subject to regulatory and shareholder approvals. The merged entity will hold 100% stake in EIM Megaplex Limited for battery swapping and charging infrastructure.
Source: Original filing PDF
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PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
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