Acquisitions6 Dec 2025, 05:14 pm
Emmvee Photovoltaic Power's Subsidiary Pays Rs. 211.58 Crore to KIADB for Land Allotment
AI Summary
Emmvee Photovoltaic Power Ltd's wholly owned subsidiary, Emmvee Energy Private Limited, has made a payment of Rs. 211.58 Crore to the Karnataka Industrial Areas Development Board (KIADB) towards land allotment for a proposed 6GW integrated solar module and cell facility at Devanahalli, Bengaluru. This payment marks the completion of all payments towards the land allotment.
Key Highlights
- Emmvee Energy Private Limited, a wholly owned subsidiary of Emmvee Photovoltaic Power Ltd, made a payment of Rs. 211.58 Crore to KIADB
- The payment is for the land allotment of a proposed 6GW integrated solar module and cell facility at Devanahalli, Bengaluru
- This payment concludes all payments towards the land allotment
- The transaction is in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- The transaction is a significant step in Emmvee's expansion plans in the solar energy sector