ACME Sun Holdings Restricted introduced that it could gain 100% fairness stocks of AK Renewable Infra Non-public Restricted at an endeavor price of Rs 79.25 crore. The purchase is topic to positive stipulations and adjustments in step with the proportion acquire settlement (Spa).
The Operations Committee of Board of Administrators of Acme Sun Holdings Restricted licensed the purchase in its assembly hung on 5 September 2025.
AK Renewable Infra Non-public Restricted is within the industry of growing renewable power parks in India. The corporate has received all construction rights together with land, connectivity and comparable popularity of a 300 MW capability web page in Rajasthan. The purchase is predicted to hurry up the mission pipeline of ACME Sun and an acceleration in mission execution and commissioning, which can boost up earnings and earnings.
The purchase is predicted to be finished inside of 5 industry days or via different prolonged date from the date of Ex -Birthday party of Spa.
In step with the corporate’s submitting, this acquisition does no longer fall underneath the class of comparable birthday party transactions, and the promoter/promoter team/team corporations haven’t any stake within the goal corporate.
About AK Renewable Infra Non-public Restricted
AK Renewable Infra Non-public Restricted was once integrated on 14 April 2021. The corporate is that specialize in producing renewable power. The corporate’s turnover for the closing 3 monetary years is as follows:
After the of entirety of the above acquisition, the objective corporate will turn out to be the corporate’s complete -ridden subsidiary.
The desired main points underneath Legislation 30 of Record Laws are hooked up as SEBI Grasp Round Quantity SEBI/HO/Pod2/Pod2/P/0155 dated November 11, 2024.