Investment4 Jun 2026, 05:31 pm
Bharat Gears Invests ₹1.27 Cr in Hexa Energy (29.55%)
AI Summary
Bharat Gears Ltd has invested ₹1.27 crore in Hexa Energy HR5 Private Limited, acquiring a 29.55% stake. This investment is to procure solar power for its Faridabad and Mumbra units, aiming to curtail power costs. Hexa Energy HR5 Private Limited is a Special Purpose Vehicle focused on renewable energy generation. The investment was made via cash consideration at an issue price of ₹970 per share.
Key Highlights
- Bharat Gears invested ₹1.27 crore in Hexa Energy.
- Acquired 29.55% stake in Hexa Energy HR5 Private Limited.
- Investment aims to procure solar power and reduce costs.
- Hexa Energy is an SPV focused on renewable energy.
- Transaction completed on June 2, 2026.
Price Impact
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