Acquisitions30 Jan 2025, 11:40 pm
AARTI Industries Acquires 49% Stake in Clean Max Indus for Renewable Power
AI Summary
AARTI Industries Ltd. has entered into a Share Purchase Agreement with Clean Max Enviro Energy Solutions Private Limited and Clean Max Indus Private Limited to acquire 49% equity shares/voting rights in Clean Max Indus Private Limited. This acquisition is for setting up a 16.50 MW Wind-Solar hybrid power project to cater to the company's power requirement. This move aligns with the company's commitment towards procuring power through renewable resources and is expected to reduce power costs.
Key Highlights
- Acquisition of 49% equity shares/voting rights in Clean Max Indus Private Limited
- Setting up a 16.50 MW Wind-Solar hybrid power project
- In line with the company's commitment towards renewable energy
- Expected to reduce power costs
- Delivery of renewable power expected by H1/FY26-27