Concord Enviro Systems Acquires 8% Stake in US-Based NALA Membranes for Technology Enhancement
Published on: Jan. 23, 2026, 11:25 p.m. | Source: scanx.trade
Concord Enviro Systems Limited has invested US$ 19.99 lakhs to acquire an 8% stake in NALA Membranes Inc., a US-based membrane technology company. The investment involves purchasing 528,918 Series Seed-1 Preferred Stock at US$ 3.78 per share through cash consideration. NALA Membranes, incorporated in 2018, specializes in chlorine-resistant membrane technology for wastewater treatment and recorded a turnover of US$ 2.77 lakhs in FY2024-25. The strategic acquisition supports Concord Enviro's expansion in environmental and water treatment technologies while enabling NALA's commercialization and business scaling efforts.
