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Industrial Investment Trust Ltd has informed BSE that the Company has entered into Share Purchase Agreement on April 28, 2008 with the promoters of Indo Green Projects Ltd (IGPL) for purchase of 25,03,900 equity shares representing 50.17% of the total paid up equity share capital and voting rights of IGPL (the Target Company), which is subject to compliance of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto.

Subsequent to the acquisition of 50.17% of the total paid up equity share capital by the Company, IGPL becomes the subsidiary of Industrial Investment Trust Ltd.

Tags: Industrial Investment

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