Acquisitions20 Mar 2026, 07:32 pm
Dalmia Bharat Ltd to Acquire 26% Stake in Ventora Energy for Rs. 4.42 Cr
AI Summary
Dalmia Bharat Ltd announced that its wholly owned subsidiary, Dalmia Cement (Bharat) Limited, has entered into a Share Subscription and Shareholders’ Agreement (SSSHA) and a Power Purchase Agreement (PPA) with Ventora Energy Private Limited, an SPV of Ultra Mega Power Private Limited. The agreement is to acquire 26% stake in Ventora Energy for an aggregate consideration of Rs. 4.42 Cr. The objective is to source wind power as a captive consumer for a capacity up to 8.1 MW located in the State of Tamil Nadu. The acquisition is subject to customary conditions precedent and is expected to be completed within three months.
Key Highlights
- Dalmia Bharat Ltd to acquire 26% stake in Ventora Energy for Rs. 4.42 Cr
- Acquisition to source wind power as a captive consumer
- Transaction to enhance renewable power supply for RE 100 commitment by 2030 and carbon negative by 2040
- Subject to customary conditions precedent and expected to be completed within three months
- Ventora Energy is a Special Purpose Vehicle for setting up wind power project on a captive basis in Tamil Nadu