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Alankit to invest up to Rs 6.5 crore in Verasys Technologies

Alankit has received an approval for the investments up to Rs 6.5 crore in the form of Equity Shares/Preference Shares/Warrants/Convertible warrants/Debentures etc in Verasys Technologies, a company engaged in IT/ITes. Alankit can acquire up to 55% of equity shares of Verasys Technologies. After acquisition of equity shares of Verasys Technologies exceeding 50%, the company will become subsidiary of Alankit. The Board of Directors of the company at their meeting held on February 10, 2018, approved the same.

Alankit (formerly known as Euro Finmart) was incorporated for setting up gold Jewellery Manufacturing unit at Noida Export Processing Zone, Noida at Uttar Pradesh in phased manner.

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