Rithwik Facility Management Services Limited has announced a board meeting to discuss the financial results for the quarter and half-year.

The company has completed the acquisition of an additional 24% equity stake in Rithwik Indus Power Private Limited, increasing its total holding to 100%. The acquired entity, incorporated in 2012, operates in power generation but has yet to commence commercial operations.

The acquisition was done via cash consideration of Rs. 24,000 for 2,400 equity shares.

This move consolidates Rithwik’s presence in the power generation sector, potentially expanding its operational scope.