Following the aforesaid acquisition, the total shareholding of Shivaliks in Firema has gone up to 34.59%.

Invitalia, investment arm of the Government of Italy has also made fresh investment of Euro 10 million in Firema pursuant whereto its stake in Firema has increased to 31.01%.

With the aforesaid investments, the current shareholding of TRSL in Firema stands at 25.43%.