Stealth Ventures Consolidates Its India Position with Acquisition of Private Company

Stealth Ventures Ltd. (SLV.V) announced today the signing of a binding agreement to acquire a private company that has working interests in producing oil & gas assets coupled with exploration acreages, in India.

Subra Subramaniam, CEO of the company said "this acquisition is a result of the sustained and concerted efforts over the last year, by the entire team at Stealth, which will now provide the Company with a vehicle to launch its unconventional expertise into the South Asian sub-continent, which in turn will benefit the company's shareholders and also the Joint Venture partners and the Government of India as a whole."

SLV shares were not yet traded today.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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