Kabra Extrusion Technik acquires Kolsite Energy
- Kal Somani has taken full ownership of IPL’s Rajasthan Royals, valuing the Jaipur franchise at about $1.6–1.63B. Beating The Times Group, Somani, formerly a minority holder, now leads a consortium backed by Walmart-linked investors and US business families, acquiring 100%.
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Kolsite Energy to be used as SPV for setting up lithium-ion battery manufacturing unit
Kabra Extrusion Technik has acquired 100% of the equity of Kolsite Energy at a total consideration of Rs.10,000 on 8 March 2023.Kolsite Energy will be used as a Special Purpose Vehicle for setting up a new manufacturing plant in North India for manufacturing Lithium-ion battery packs.
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First Published: Mar 09 2023 | 12:04 PM IST