Everest Industries Invests in Enerparc Solar Power 10 Private Limited for 2.43% Stake

Everest Industries Ltd. has approved an investment in Enerparc Solar Power 10 Private Limited (Enerparc) for Rs. 1.065 crores, acquiring 10,65,000 equity shares at face value of Rs. 10/- per share. This represents 26% of the company's share of 3 MWp out of the total capacity of 15MWp of the Enerparc Solar Power 10 Private Limited. The purpose of this acquisition is to avail captive open access for solar energy and increase the company's utilization of renewable energy in the state of Tamil Nadu.