Acquisitions30 Dec 2025, 04:15 pm
Kalyani Steels Ltd Completes Acquisition of 8.64% Stake in Clean Renewable Energy KK 1A Private Limited
AI Summary
Kalyani Steels Ltd has announced the completion of its acquisition of 1,857,223 equity shares of Clean Renewable Energy KK 1A Private Limited, a Special Purpose Vehicle (SPV) of Hero Rooftop Energy Private Limited. The acquisition was made at a premium of Rs.17.94 per equity share, representing 8.64% of the paid-up equity capital of Clean Renewable.
Key Highlights
- Kalyani Steels Ltd has completed the acquisition of 1,857,223 equity shares of Clean Renewable Energy KK 1A Private Limited.
- The acquisition was made at a premium of Rs.17.94 per equity share.
- The acquired shares represent 8.64% of the paid-up equity capital of Clean Renewable.
- Clean Renewable is a Special Purpose Vehicle (SPV) of Hero Rooftop Energy Private Limited.
- This acquisition is a significant step in Kalyani Steels Ltd's growth strategy.