India Cements Acquires 3.62% Stake in Zenataris Renewable Energy

India Cements Ltd has acquired a 3.62% equity share capital in Zenataris Renewable Energy Private Limited for a cash consideration of up to ₹20.90 Crore (₹209 Million). This strategic acquisition aims to meet the company's green energy needs, optimize energy costs, and comply with regulatory requirements for captive power consumption. Zenataris Renewable Energy, incorporated in 2018, is a Special Purpose Vehicle focused on developing and operating hybrid renewable energy projects. The acquisition is expected to be completed within 120 days from the execution of the agreements.