Remedium Lifecare Ltd. a company engaged in trading API intermediates (KSMs and CRMs) and various other raw materials essential to API trading, has announced that its board will meet on September 04, 2024 to consider Acquisition of AirOWater Global Trading LLC, UAE. The Board will review the proposal to acquire a substantial stake in AirOWater Global Trading LLC, a pioneering entity in the production of the purest form of drinking water via Atmospheric Water Generators (AWGs).
This technology, recognised as one of the most sustainable solutions to the pressing issue of global water scarcity, has successfully catered to diverse sectors including Government
Institutions, Corporates, Hospitality chains, Supermarkets, Hospital chains, Educational
institutions, and Community Centres. AirOWater is now poised to enter niche segments such as the production of Water for Injections (WFIs) and water for dialysers used in kidney dialysis, leveraging the superior quality of its AWG-produced water. This water not only meets the stringent quality controls required for such critical applications but also mitigates contamination risks associated with traditional surface and groundwater sources.
The board will also consider issuing of Foreign Currency Convertible Bonds (FCCBs).