Praj Industries hikes stake in subsidiary Praj HiPurity Systems

Acquires a total 80% stake at cost of Rs 117.95 crore

Praj Industries announced that the Company has acquired a further stake of 10% in its subsidiary Praj HiPurity Systems (Formerly known as Neela Systems) for approximately Rs. 20.40 crore. With this, Praj Industries now holds 80% stake in Praj HiPurity Systems at an approximate cost of Rs. 117.95 crore.

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