GEM Enviro Management544199Deal
GEM Enviro acquires 75% of Novuscom Neo for Rs. 30 lakh via 30,000 equity shares and 2,70,000 CCPS
By ScoutQuest · · 1 min read
75%Stake held in Novuscom transaction
- Stake Acquired
- 75% stake post transaction
- Shares Allotted
- 30,000 equity shares of Rs. 10 each and 2,70,000 0.001% CCPS of Rs. 10 each allotted on preferential basis
- Consideration
- Rs. 30 lakh (Rupees Thirty Lakhs only)
- Target
- Novuscom Neo Private Limited
- Transaction
- Acquisition of equity and compulsorily convertible preference shares (New Subsid
GEM Enviro acquires 75% of Novuscom Neo for Rs. 30 lakh via 30,000 equity shares and 2,70,000 CCPS.
Novuscom incorporation date
Earlier corporate announcement
Allotment date
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12 Oct 2026
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29 Sep 2026
More numbers
- Cost of acquisitionRs. 30,00,000
- Equity shares allotted30,000
- CCPS allotted2,70,000
- Face value per equity share / CCPSRs. 10
- Stake held in Novuscom post transaction75%
- CCPS coupon rate0.001%
- ConsiderationRs. 30,00,000
Source: BSE · 19 Oct 2026
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