Acquisitions27 May 2026, 06:52 pm
Carborundum Universal Completes 29.58% Stake Buy in Putrim Renewables
AI Summary
Carborundum Universal Ltd has completed the acquisition of a 29.58% equity stake in Putrim Renewables Private Limited (PRPL). The acquisition was executed through an investment of ₹6.48 crores, as per the Share Subscription and Shareholders’ Agreement with CSE Development (India) Private Limited and PRPL. This follows their earlier communication regarding a Power Purchase Agreement with PRPL.
Key Highlights
- Carborundum Universal acquires 29.58% stake in Putrim Renewables.
- The investment amounts to ₹6.48 crores.
- Acquisition is under Share Subscription and Shareholders’ Agreement.
- This follows a Power Purchase Agreement with Putrim Renewables.