New Launch22 Aug 2025, 05:01 pm
Insolation Energy Ltd Subsidiary Incorporates New SPV for Solar Power Plants
AI Summary
Insolation Green Energy Private Limited, a wholly owned subsidiary of Insolation Energy Ltd, has incorporated a new subsidiary, MGPG Green Infra Private Limited, on August 18, 2025. MGPG Green Infra Private Limited has been set up as a special purpose vehicle (SPV) for the purpose of setting up solar power plants. The SPV was incorporated with a subscription amount of Rs. 1,00,000 lakh (Rupees One lakh) divided into 10,000 (Ten Thousand) Equity shares of Rs. 10 (Rupees Ten Only) each. Insolation Green Energy Private Limited will subscribe to 60% of the equity shares.
Key Highlights
- Insolation Green Energy Private Limited, a subsidiary of Insolation Energy Ltd, has incorporated a new subsidiary, MGPG Green Infra Private Limited.
- MGPG Green Infra Private Limited has been set up as a special purpose vehicle (SPV) for the purpose of setting up solar power plants.
- The SPV was incorporated with a subscription amount of Rs. 1,00,000 lakh (Rupees One lakh) divided into 10,000 (Ten Thousand) Equity shares of Rs. 10 (Rupees Ten Only) each.
- Insolation Green Energy Private Limited will subscribe to 60% of the equity shares.
- The new subsidiary is incorporated in India.