Acquisitions30 March 2026 at 05:27 pm
Jain Resource Recycling Ltd Acquires Equity Shares in Three Captive Generating Plant Companies for Captive Use of Electricity
AI Summary
Jain Resource Recycling Ltd has approved the acquisition of equity shares in three Captive Generating Plant (CGP) companies, namely Sea Sindu Green Energy Private Limited, Sri Kamakshi Wind Power Private Limited, and OM Sakthi Wind Power Private Limited. The acquisition is for the captive use of electricity by the Company and is in compliance with the minimum ownership requirement prescribed under Electricity Rules, 2005 for qualifying as a captive user. The total consideration for the acquisition is Rs. 74,09,000/- (Rupees Seventy-Four Lakhs Nine Thousand Only).
Key Highlights
- Acquisition of equity shares in three Captive Generating Plant companies
- Total consideration of Rs. 74,09,000/-
- 26% equity shareholding in each of the above entities
- Compliance with Electricity Rules, 2005
- Acquisition for captive use of electricity