Investment13 Nov 2026, 10:31 pm
INDO-MIM to Invest ₹97,500 for 6.5% Stake in Meena Solar
AI Summary
INDO-MIM Ltd announced its Board of Directors has approved an investment of up to ₹97,500 to acquire a 6.5% equity stake in Meena Solar Power Park Private Limited. This investment is part of a group captive scheme for purchasing electricity. The company will enter into Power Purchase Agreement and Share Purchase Agreement. The Board also approved the un-audited financial results for the quarter and half-year ended September 30, 2026. The investment amount is ₹97,500 (Ninety-Seven Thousand and Five Hundred Rupees).
Key Highlights
- INDO-MIM to invest up to ₹97,500 in Meena Solar Power Park.
- Acquisition represents a 6.5% equity stake in the target company.
- Investment is for electricity purchase under a group captive scheme.
- Board also approved Q2 FY27 un-audited financial results.
- Agreements include Power Purchase and Share Purchase.
Price Impact
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