KPI Green Energy subsidiary acquires 62.91% stake in DMGEL

What happened

Sun Drops Energia Limited, a subsidiary of KPI Green Energy, acquired a 62.91% stake in Mavericks Green Energy Limited (DMGEL).
DMGEL is now a subsidiary of Sun Drops Energia and a step-down subsidiary of KPI Green Energy.

Financial terms from this story, in everyday words.

Step-down subsidiary: A company that is owned by a subsidiary of a parent company.

Original source

NewsData.io

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