Chemplast Sanmar to acquire 27% stake in Yesaryes Energy for ₹45 Lakhs

Chemplast Sanmar Limited announced its plan to acquire a 27% equity stake in Yesaryes Energy Private Limited for ₹45 Lakhs. This strategic investment will enable Chemplast Sanmar to source green energy, specifically solar power, through a Power Purchase Agreement with Yesaryes Energy. Yesaryes Energy operates a 37.5 MW solar power plant in Tamil Nadu. The acquisition is expected to help reduce the company's energy costs and support its sustainability goals by utilizing environment-friendly solar power for captive consumption. The transaction does not involve related parties and is expected to be completed within statutory time limits.