Investment30 Oct 2025, 10:01 pm
Hero MotoCorp Completes 26% Stake Acquisition in Clean Max Karakoram for Solar Power Project
AI Summary
Hero MotoCorp Ltd has completed the acquisition of a 26% equity stake in Clean Max Karakoram Private Limited, a Special Purpose Vehicle, from Clean Max Enviro Energy Solutions Limited. This acquisition is part of the company's initial investment of Rs. 26,000 for a Solar Power Wheeling project at their Dharuhera and Gurugram manufacturing plants. The balance amount will be invested as per the terms of the Share Subscription and Shareholders Agreement dated October 30, 2025.
Key Highlights
- Hero MotoCorp completes 26% stake acquisition in Clean Max Karakoram
- Acquisition for Solar Power Wheeling project at Dharuhera and Gurugram plants
- Initial investment of Rs. 26,000
- Balance amount to be invested as per Share Subscription and Shareholders Agreement
- Clean Max Enviro Energy Solutions involved in the transaction