AION-TECH Solutions (NSE:GOLDTECH, BOM:531439) has received board approval to invest an additional 29.7 million Indian rupees in its wholly-owned subsidiary Roqit Greenfleet Digital Solutions, according to a Monday filing to the Indian stock exchanges.
The investment will be made via the allotment of equity shares at a face value of 10 rupees per share within 12 to 18 months.
Roqit Greenfleet is developing technology for zero-emission fleets in electric vehicles and hydrogen mobility. The subsidiary will use the additional funds to meet its operational and product development expenses.
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