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September 22, 2013

Deal Alert: responsAbility acquires minority stake in Punjab Renewable Energy Systems

Switzerland-based responsAbility Investments has picked up a minority stake in Mumbai-based Punjab Renewable Energy Systems (PRES), an organised fuel aggregation and supply companies focused on agriculture residue. responsAbility will receive a board seat as part of the deal. This investment will be used for PRES’ proposed expansion into new locations in India and abroad. Intellecap acted as the sole advisor for the deal. 

Source: Press Release
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