Octant Interactive Technologies has announced that the company has decided to acquire two companies in the power sector, which have 17.5 MW power generation capacity in Orissa. Indravati Energies Pvt Ltd is a company with hydel power license for generation of 7.5 MW and Vani Energies Pvt Ltd is a company which has license for generation of 10 MW capacity.
The company has appointed Alpha Power Consultants, as the advisors for the valuation of the two power companies.
The company has identified power sector as the sector with bright future for diversification purpose. Once the valuation of the above mentioned power companies are complete, the company will be initiating the action for merger of these power Companies with Octant Interactive Technologies Ltd. Similarly the company is demerging its finance division in to a separate company, so that the technology orientation and focus will have a separate identity through Octant Interactive Technologies Ltd.
Source :www.biginfotech.in
The company has identified power sector as the sector with bright future for diversification purpose. Once the valuation of the above mentioned power companies are complete, the company will be initiating the action for merger of these power Companies with Octant Interactive Technologies Ltd. Similarly the company is demerging its finance division in to a separate company, so that the technology orientation and focus will have a separate identity through Octant Interactive Technologies Ltd.
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