Published On:June 6 2023
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NELCO Ltd. to invest in Piscis Networks Pvt Ltd.

Pursuant to the approval of the Board of Directors, NELCO Ltd. has entered into the Agreement(s) with the Promoters and other Shareholders of Piscis Networks Private Limited on 5th June 2023 for an initial investment of Rs. 99,99,100 (Rupees ninety-nine lacs ninety-nine thousand and one hundred only) to subscribe 1,111 equity shares of Rs.10/- each representing 9.09% of the paid-up capital of Piscis Networks Private Limited, and subsequently to make further investment to increase the Company's shareholding upto alteast 30% of the paid-up capital of Piscis Networks Private Limited. This shall be subject to approvals and consents as may be required under applicable law.

Thacker & Associates acted as transaction advisors on this investment.


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