Acquisitions3 Nov 2026, 07:11 pm
Jhaveri Credits Acquires Remaining 49% of UR Energy (Solar)
AI Summary
Jhaveri Credits & Capital Ltd announced the acquisition of the remaining 49% equity share capital of U R Energy (Solar) Private Limited, making it a wholly-owned subsidiary. The company also approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The acquisition, valued at ₹49,000, is on an arm's length basis and falls within the company's main line of business. U R Energy (Solar) Private Limited is involved in the solar energy sector.
Key Highlights
- Board approved acquisition of remaining 49% stake in UR Energy (Solar).
- UR Energy (Solar) will become a wholly-owned subsidiary post-acquisition.
- Acquisition cost is ₹49,000, conducted on an arm's length basis.
- Company also approved unaudited financial results for Q2 FY27.
- UR Energy (Solar) operates in the solar energy manufacturing and supply business.
Price Impact
More from JHACC