Investment15 Apr 2026, 06:51 pm
JK Tyre to Invest "1.31 Cr for 26% Stake in Roofsol Renewables Five
AI Summary
JK Tyre & Industries Ltd's Directors approved an investment of up to 1.31 Crore to acquire a 26% equity stake in Roofsol Renewables Five Pvt. Ltd. (RRFPL). This acquisition is for regulatory compliance under Indian Electricity laws, specifically for captive power consumption at the company's Laksar Tyre Plant in Uttarakhand. RRFPL is a Special Purpose Vehicle (SPV) incorporated by Roofsol Energy Pvt. Ltd. to set up this captive power plant. The acquisition is expected to be completed within 180 days and involves cash consideration. RRFPL currently has no turnover.
Key Highlights
- JK Tyre to invest 1.31 Cr for 26% equity in Roofsol Renewables Five.
- Acquisition aims to meet regulatory captive power consumption requirements.
- RRFPL is an SPV for a solar captive power plant at Laksar.
- Investment is a cash consideration, to be completed within 180 days.
Price Impact
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