Acquisitions23 Jul 2025, 06:42 pm
Khaitan Chemicals Acquires 26% Stake in KRSKA Solar, Approves Q1 Financial Results
AI Summary
Khaitan Chemicals & Fertilizers Ltd has approved the acquisition of a 26% equity stake in KRSKA Solar Private Limited. The company will invest Rs 13,330 for 1,333 equity shares and Rs 37,79,890 for 3,77,989 OCRPS. This acquisition will enable KCFL to procure renewable power through the group captive mechanism and meet the ownership criteria prescribed under Rule 3 of the Electricity Rules, 2005. The company has also approved the unaudited Financial Results for the Quarter ended June 30, 2025.
Key Highlights
- Khaitan Chemicals to acquire 26% stake in KRSKA Solar
- Investment of Rs 13,330 for 1,333 equity shares and Rs 37,79,890 for 3,77,989 OCRPS
- Acquisition to enable KCFL to procure renewable power
- Approval of unaudited Financial Results for Q1 2025
- KRSKA Solar engaged in power generation with a focus on renewable energy