Archive · 28 Jun 2025
Servotech Renewable in Focus Following Equity Conversion & EV Expansion
A company that makes renewable energy products, Servotech, got more money when a fund called Coeus Global Opportunities Fund turned some special documents into shares.
This fund now owns more of the company.
The company is also expanding its electric vehicle charging stations in a new area.
The company's stock has been doing well recently, and experts believe it will continue to do well.
Servotech Renewable converted warrants into equity shares for Coeus Global Opportunities Fund.
Coeus Global Opportunities Fund doubled its stake in Servotech, now holding 20 lakh shares.
The company's paid-up capital increased to ₹22.58 crore.
Servotech subsidiary Incharz signed an MoU with NPCL to expand EV charging infrastructure in Greater Noida.
Servotech Renewable shares closed at ₹147.50 on Friday but show strong long-term gains.
- Who
- Servotech Renewable Power System and Coeus Global Opportunities Fund, along with NPCL and Incharz.
- What
- Servotech Renewable Power System converted warrants into equity shares and is expanding its EV infrastructure.
- When
- The equity allotment occurred recently, and the company is expanding its EV infrastructure now.
- Where
- The announcements concern the Indian stock market and the Greater Noida region.
- Why
- To raise capital, increase the stake of Coeus, and expand EV charging infrastructure.
- Company
- Servotech Renewable Power System
- Share Price (Friday)
- ₹147.50
- Shares Allotted
- 10 lakh
- Issue Price per Share
- ₹83.40
- Investor
- Coeus Global Opportunities Fund
- Stake Increase
- From 0.44% to 0.88%
- Paid-up Capital
- ₹22.58 crore
- EV Infrastructure Expansion
- Greater Noida via Incharz and NPCL
