AGI Greenpac Limited has entered into a share subscription and shareholders’ agreement with Madoverbuilding AI Private Limited (MOB) on 30 May 25.
AGI Greenpac will invest up to ₹5,99,91,540.44 to acquire up to 25% of the paid-up share capital of MOB on a fully diluted basis.
The investment will be made through subscription to preference shares in two tranches of ₹2,99,95,770.22 each.
After the first tranche, AGI Greenpac will hold 14.28% of MOB's paid-up share capital.
The second tranche will occur within 15 months of the first tranche's closing and is contingent on achieving certain milestones.
MOB AI is in the business of building E-commerce marketplace, E-commerce technologies, E-business platforms, embedding lending technologies, trading without and/ or with owned and/ or franchised stores, warehousing and rental capabilities for building, construction and interior materials and related items along with relevant logistic capabilities.