BSL Ltd Acquires 26% Stake in Bhadla Minigrid Solar 5 for ₹2.35 Cr

BSL Ltd has acquired a 26% equity stake in Bhadla Minigrid Solar 5 Private Limited, a special purpose vehicle incorporated for renewable energy generation. The acquisition involves 23,50,000 equity shares at ₹10 each, totaling an investment of ₹2.35 Crore. This move aims to augment the company's captive renewable energy capacity by 4.4 MW AC/6.5 MW DC + 4.92 MWH BESS, contributing to long-term cost efficiency and sustainability. The target entity is a newly incorporated company and has not yet commenced operations, thus its size and turnover are not relevant. The acquisition is expected to be completed within 4 months and is not a related party transaction.