Acquisitions5 Mar 2026, 07:34 pm
JK Tyre & Industries Ltd to Invest Rs. 5.04 Crore in Sunpulse Power Private Ltd for Minimum 26% Stake
AI Summary
JK Tyre & Industries Ltd has approved and authorized the signing of a Share Transfer and Shareholders Agreement to invest Rs. 5.04 crore in Sunpulse Power Private Ltd (SPPL) for acquiring a minimum 26% equity stake. SPPL is an Indian company involved in power generation and sale of power, and is a wholly owned subsidiary of Oriana Power Limited. The company was incorporated on 27th July, 2025.
Key Highlights
- JK Tyre & Industries Ltd to invest Rs. 5.04 crore in Sunpulse Power Private Ltd
- Acquisition of a minimum 26% equity stake in Sunpulse Power Private Ltd
- SPPL is an Indian company engaged in power generation and sale of power
- SPPL is a wholly owned subsidiary of Oriana Power Limited
- Investment to be completed within 90 days