Acquisitions17 Dec 2024, 11:56 pm
JINDAL SAW LTD. Acquires 31.20% Stake in Renewable Energy Firm ReNew Green MHH One Private Limited
AI Summary
JINDAL SAW LTD. has entered into a share purchase agreement with ReNew Green Energy Solutions Private Limited to acquire up to 31.20% equity share capital in ReNew Green MHH One Private Limited. The target company is yet to start its operation and is in the business of power generation from renewable sources. The acquisition will be in cash at face value, and the completion is expected by 31st May 2025 or any other mutually decided date. The company is incorporated in India under the Companies Act, 2013, and is yet to start its operation.
Key Highlights
- JINDAL SAW LTD. to acquire 31.20% stake in ReNew Green MHH One Private Limited
- Target company is in the business of power generation from renewable sources
- Acquisition to be in cash at face value
- Expected completion date: 31st May 2025 or any other mutually decided date
- Target company is yet to start its operation