Investment15 Apr 2025, 03:39 am
Havells India to Invest INR 600cr in Goldi Solar to Accelerate Growth in Renewable Sector
AI Summary
Havells India Limited, a leading FMEG Company, has announced a strategic minority investment of INR 600cr in Goldi Solar Private Limited. This investment is part of Goldi's proposed fund raise of upto INR 1,300 crore. Havells aims to participate in the renewable and solar sector, which is projected to grow at a CAGR of 16% till 2030. The investment will give Havells a stake of 8.90%- 9.24% in Goldi.
Key Highlights
- Havells to invest INR 600cr in Goldi Solar Private Limited
- Goldi's proposed fund raise is upto INR 1,300 crore
- Renewable energy capacity is projected to grow at a CAGR of 16% till 2030
- Havells will have 8.90%- 9.24% stake in Goldi
- Transaction is effectively valued at 20x EV to EBITDA multiple basis unaudited provisional EBITDA for FY25