Acquisitions21 Nov 2025, 07:01 pm
IMFA Acquires 26% Stake in JISW Renew Energy Twelve Limited for Rs 12.8 Crores
AI Summary
Indian Metals & Ferro Alloys Ltd (IMFA) has acquired the First Tranche of 1,28,07,000 Equity Shares of JISW Renew Energy Twelve Limited (JRETL) for an aggregate consideration of Rs 12,80,70,000. This acquisition, as per the Share Subscription and Shareholder’s Agreement, has resulted in IMFA holding 26% of JRETL's share capital. The allotment was confirmed by JRETL on 215th November 2025.
Key Highlights
- IMFA acquires 26% stake in JRETL for Rs 12.8 crores
- Acquisition is based on Share Subscription and Shareholder's Agreement
- JRETL allotted 1,28,07,000 Equity Shares to IMFA
- The transaction confirms IMFA's commitment to renewable energy sector
- This acquisition strengthens IMFA's position in the energy market