Corporate News 25-Aug-23
Revolt pays Rs 50 cr to Govt. against demand for FAME subsidy
RattanIndia Enterprises announced that Revolt has paid Rs 50.02 crore to Ministry of Heavy Industries, Government of India against the demand raised for FAME subsidy claimed along with interest. This step clears the path ahead for Revolt to be part of government subsidy schemes. The said issue pertains to the period before RattanIndia Enterprises took over Revolt management in January 2023 earlier this year.
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