Acquisitions8 Nov 2025, 06:11 pm
Grasim Industries Ltd Acquires 26% Equity Stake in Special Purpose Vehicles for Renewable Energy
AI Summary
Grasim Industries Ltd has executed agreements for acquiring 26% equity stake in Special Purpose Vehicles (SPV), Pro-Zeal Green Power Eighteen Vilayat Plant, Gujarat Private Limited and Pro-Zeal Green Power Nineteen Private Limited. The acquisition aims to meet the green energy needs, optimize energy costs, and comply with regulatory requirements for captive power consumption under electricity laws. The cost of acquisition is up to Rs. 20.50 crore in one or more tranches. The SPV is incorporated for developing a captive wind-solar hybrid power generation facility with a capacity of around 21 MW.
Key Highlights
- Grasim Industries Ltd acquires 26% equity stake in Special Purpose Vehicles (SPV) for renewable energy
- The acquisition aims to meet green energy needs, optimize energy costs, and comply with regulatory requirements
- The cost of acquisition is up to Rs. 20.50 crore in one or more tranches
- The SPV is incorporated for developing a captive wind-solar hybrid power generation facility with a capacity of around 21 MW
- No governmental or regulatory approval is required for the acquisition