GEM Enviro Management Limited has announced the acquisition of equity shares and compulsorily convertible preference shares in Novuscom Neo Private Limited. The transaction, valued at ₹30,00,000, was completed on October 19, 2026. Following this acquisition, Novuscom Neo Private Limited will operate as a subsidiary of GEM Enviro Management Limited, enhancing its presence in the sustainability sector.
Strategic Acquisition by GEM Enviro Management
GEM Enviro Management Limited has completed a significant transaction involving the acquisition of shares in Novuscom Neo Private Limited. This strategic move, formalized on October 19, 2026, includes the allotment of 30,000 Equity Shares and 2,70,000 Compulsorily Convertible Preference Shares (CCPS). The total cost of this acquisition amounted to ₹30,00,000 (Rupees Thirty Lakhs only).
Novuscom Neo Private Becomes Subsidiary
As a result of this acquisition, Novuscom Neo Private Limited is now the subsidiary of GEM Enviro Management Limited, signifying a 75% stake for GEM Enviro. Novuscom Neo Private Limited, incorporated on November 03, 2025, operates in the analysis-led research and brand assessment sector, focusing on sustainability and governance parameters. This aligns directly with GEM Enviro’s core business in environmental sustainability and is expected to synergize operations and market reach.
Transaction Details
The acquisition was conducted on a preferential basis. Novuscom Neo Private Limited was established to provide analysis led research and assist companies in enhancing their efforts for recognition on sustainability and governance metrics. The company has not yet commenced its business operations, with its turnover being marked as ‘Not Applicable’. No governmental or regulatory approvals were required for this investment. The company’s incorporation country is India.
Source: BSE
