DCM Shriram Consolidated Ltd. (DSCL) has announced the sale of its entire equity stake in its subsidiary, DESCO, to M/s Dalkia India Pvt. Ltd, the Indian arm of the France based Violia energy group, the world’s largest provider of environmental services.
It was an all cash deal at an overall business valuation of Rs 10.64 crores. DESCO is engaged in the business of providing consulting service in the area of energy management, energy efficiency and renewable energy projects with focus on reducing the energy costs and deriving of consequent energy benefits in various sector.
