Taylormade Renewable to acquire majority stake in Reciclar Technologies and Memtrix Technologies

Taylormade Renewable is acquiring a majority stake in Reciclar Technologies and its startup venture Memtrix Technologies LLP, both based in Ahmedabad, India. Reciclar specializes in wastewater treatment plants and Memtrix manufactures hollow fiber membranes.

“After the acquisition of controlling stake in both the companies, TRL looks to have a sizable business in domestic market and it will help TRL improve its bottom line as it is a margin accretive acquisition.”business-standard.com

• 1 source
• business-standard.comTaylormade Renewable to acquire majority stake in Reciclar Technologies & Memtrix Technologies LLP | Capital Market News - Business StandardCapital MarketFeb 22, 2024

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