Fujiyama Power Systems' board OKs to invest Rs 5-cr in Zayo Energy
Mumbai, Sept. 7 -- ZEPL is engaged in the manufacturing of PV ribbon wire, PV busbar, copper wires, solder bars & solder wires and manufacturing of aluminium frame used in solar panels which will include foundry, extrusion, anodizing & cutting punching of aluminium and manufacturing of different solar panels products like EVA sheet, junction boxes, backsheet & other products.
The proposed investment is expected to facilitate backward integration, strengthen Fujiyama Power Systems' value chain and create operational and strategic synergies between the two companies.
Under the agreement, the company will subscribe to 833 CCDs at a value of Rs 60,093 per debenture, including a face value of Rs 10 and a premium of Rs 60,083, aggregating to ...
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