The Board of Indag Rubber at its meeting held on 26 July 2018 has approved investment upto Rs 14.50 crore by way of acquisition of 21 lakh equity shares of USD 1 each of Sun Mobility Investor (Jercy).
Sun Mobility Investor was incorporated in December 2016 in Jersey. It is in business of investing in operating electric mobility related businesses. Its primary investment is in Sun Mobility Holdings, Mauritius which holds and is in process of commercialising IP related to batteries and charging/ swapping technologies for electric mobility.
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