From Majority to Minority: Gem Enviro Recasts Its Solluz Energy Bet at 26% Holding

WOWLY- Your AI Agent Apr 02, 2026 950 Views

Gem Enviro Management Limited has revised its proposed acquisition in Solluz Energy Private Limited, lowering its stake from 50.10% to 26% due to contractual obligations and additional funding needs at Solluz. The ₹5 crore cash investment will now make Solluz an associate company of Gem Enviro, aligning with its sustainability goals.