Investment23 Apr 2026, 08:01 pm
Shah Metacorp approves ₹52,000 equity investment in Strike Eco Grid
AI Summary
Shah Metacorp Ltd's Board approved an equity investment of ₹52,000 for a 26% stake in Strike Eco Grid Private Limited. This strategic move aims to secure captive solar benefits, reduce operational costs, and achieve supply chain synergies. Strike Eco Grid, incorporated in July 2025, operates in the Power and Renewable Energy industry, focusing on Solar EPC, power generation, and ESG services. The acquisition, involving 5200 equity shares at ₹10 each, is a cash consideration and is expected to be completed by May 15, 2026. The company will also provide a working capital loan.
Key Highlights
- Shah Metacorp invests ₹52,000 for a 26% equity stake.
- Investment is in Strike Eco Grid, a renewable energy company.
- Aims for captive solar benefits and reduced operational costs.
- Acquisition to be completed by May 15, 2026, via cash.