Retro Green Revolution Limited has signed a Memorandum of Understanding with GYSCOAL ENTERPRISE PRIVATE LIMITED for a strategic investment.

This non-binding agreement outlines Retro's potential to acquire up to a 60% equity stake in GYSCOAL.

Retro proposes to invest up to INR 45 Crore to support GYSCOAL's business expansion, strategic growth, and value creation in its stainless steel and infrastructure materials business.

The investment is subject to due diligence and final agreements, aiming to strengthen financial resources and foster long-term collaboration, potentially making GYSCOAL a subsidiary.