Acquisitions26 Dec 2025, 07:41 pm
GEM Enviro Management Ltd. to Acquire Up to 26% Stake in Solluz Energy Private Limited
AI Summary
GEM Enviro Management Ltd. has approved the acquisition of a stake in Solluz Energy Private Limited. The initial proposed stake of 50.10% has been modified to up to 26% due to certain contractual obligations and further fund raising requirements of Solluz. Solluz is engaged in the business of Engineering, Procurement, and Construction (EPC) services and installation of Solar Energy Plant. This investment will make Solluz an associate of GEM Enviro Management Ltd. The cost of acquisition is approximately Rs. 5,00,00,000 (Rupees Five Crores).
Key Highlights
- GEM Enviro Management Ltd. to acquire up to 26% stake in Solluz Energy Private Limited
- Initial proposed stake of 50.10% modified due to Solluz's contractual obligations and fund raising requirements
- Solluz operates in the solar energy domain, aligning with GEM's focus on environmental sustainability
- Cost of acquisition is approximately Rs. 5,00,00,000 (Rupees Five Crores)
- Solluz will become an associate of GEM Enviro Management Ltd.