Investment18 Mar 2026, 03:07 pm
Apar Industries to Invest Further in its Wholly Owned Subsidiary APAR USA LLC and Associate Company Clean Max Rudra Private Limited
AI Summary
Apar Industries Ltd has announced its decision to make additional investments in its Wholly Owned Subsidiary, APAR USA LLC, and Associate Company, Clean Max Rudra Private Limited. The company plans to infuse a capital contribution of up to USD 5 mio in APAR USA LLC and invest approximately INR 10.76 crores in Clean Max Rudra Private Limited for availing another wind and solar hybrid power generation facilities. The board of directors approved these transactions at a meeting held on March 18, 2026.
Key Highlights
- Additional investment of up to USD 5 mio in APAR USA LLC
- Investment of approximately INR 10.76 crores in Clean Max Rudra Private Limited
- Investments aimed at availing wind and solar hybrid power generation facilities
- APAR to maintain 26% stake in Clean Max Rudra Private Limited on fully diluted basis
- Investments to be made in current or following financial year