Crest Ventures has agreed to acquire through preferential allotment, 1,11,35,857 equity shares being 5.12% of the post issue equity share capital of Vascon Engineers subject to shareholders and other regulatory approvals. The object of the proposed purchase/acquisition is strategic long-term investment. The said investment in Vascon is not outside the main line of business of the Crest Ventures.
Crest Ventures has been involved in the development and management of real estate projects and is developing various premium residential and commercial properties in Mumbai, Kolkata, and Chennai, as well as a township in the heart of Raipur city.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
