Rattan India

RattanIndia Enterprises Ltd on Saturday said it has completed the acquisition of Revolt Motors which is into manufacturing of electric vehicles. Now Revolt Motors has become a 100 per cent subsidiary of RattanIndia Enterprises Ltd, the company said in a statement. "RattanIndia Enterprises Limited has completed acquisition of 100 per cent shareholding in the electric motorcycles market leader Revolt Motors," the statement said. Revolt Motors is the highest selling electric bike in the country with its manufacturing facility in Manesar, Haryana. The EV maker has expanded its footprint pan-India with 30 dealerships spread across the country. Its flagship model RV400 has been witnessing a robust demand and is by far the most technologically advanced bike in the world, and RattanIndia Enterprises seeks to significantly scale up Revolt's growth and make it the largest EV two wheeler company in the country, RattanIndia Enterprises said. Anjali Rattan, Business Chairperson, RattanIndia ..

RattanIndia Enterprises said it was buying the stake it did not already own in electric motorcycle maker Revolt Motors, at a time when eco-conscious consumers are turning to alternative vehicles

RattanIndia Enterprises has forayed into the drone business in the country through its wholly-owned subsidiary NeoSky and expects the commercial rollout of products in the first quarter of 2023

RattanIndia Power Ltd (RPL) consolidated net loss widened to Rs 386.69 crore in the December quarter, compared to the same period a year ago, due non-operation of Nashik thermal power plant. The company had reported a consolidated net loss of Rs 69.09 crore in the quarter ended on December 31, 2020, the company said in a regulatory filing. The widening of the consolidated loss in the December quarter was "due to non-operation of Nashik Thermal Power Plant (Sinnar Thermal Power Ltd). That exposure has no bearing on parent RattanIndia Power Ltd," a company spokesperson said. The consolidated results of RPL also includes the financials of Sinnar Thermal Power Limited (STPL), which is a subsidiary of RattanIndia Power Ltd and is a separate SPV holding Sinnar Thermal Power Plant, the spokesperson said. All units of Sinnar Thermal Power Plant at Nashik are commissioned, but not operational at present. STPL's debt exposure is ring fenced and has no bearing on the parent RattanIndia Power

The company on Wednesday reported widening of consolidated net loss

GMR Infrastructure board will consider a proposal for raising up to Rs 6,000 crore through various routes at its meeting on August 13

RattanIndia Enterprises announced that Domino's has joined hands with the company's Revolt Motors, to transform its current petrol bike fleet to electric bikes

RattanIndia Power Ltd on Monday said it has repaid Rs 1,219 crore debt in the last 15 months, including Rs 200 crore prepayment, despite the challenges posed by the Covid-19

As part of the deal, RattanIndia Enterprises will have 50 per cent board presence in Revolt Intellicorp and Rajiv Rattan will be chairman of the board of Revolt

The firm reported a consolidated net loss of Rs 66.09 crore in the December quarter

The former IndiaBulls power firm to focus on thermal power

With this, RattanIndia now has only two power plants--Amaravati thermal plant for which it did debt recast last December, and Nashik thermal plant, a stressed asset

Shelves Phase-II of Amravati Power Project due to lack of PPA in market

This also includes 15 per cent equity each in the project. The new lenders have used the Aditya Birla Asset Reconstruction Company platform for the deal

PFC has also moved insolvency plea against another firm Rattan India Nashik Power