Acquisitions17 Dec 2025, 10:41 pm
ISGEC Heavy Engineering Completes 26% Acquisition of FPEL HR1 Energy Private Limited
AI Summary
ISGEC Heavy Engineering Ltd has completed the acquisition of 26% equity share capital of FPEL HR1 Energy Private Limited. This is in reference to the earlier intimations dated October 06, 2025, and December 04, 2025, regarding the execution of the Solar Power Purchase Agreement and the Share Subscription and Shareholders’ Agreement. The Company received the intimation of allotment of equity shares today, December 17, 2025, thereby completing the acquisition.
Key Highlights
- ISGEC Heavy Engineering Ltd has completed the acquisition of 26% equity share capital of FPEL HR1 Energy Private Limited
- The acquisition is in reference to the earlier intimations dated October 06, 2025, and December 04, 2025
- The Company received the intimation of allotment of equity shares today, December 17, 2025
- The acquisition stands completed as of today