Acquisitions26 Sept 2026, 04:40 pm
KPI Green Energy Subsidiary Acquires 62.91% Stake in DMGEL
AI Summary
KPI Green Energy Limited's material subsidiary, Sun Drops Energia Limited (SDEL), has completed the acquisition of 1,07,47,760 equity shares in Mavericks Green Energy Limited (DMGEL). This represents 62.91% of DMGEL's paid-up equity share capital. Consequently, DMGEL has become a subsidiary of SDEL and a step-down subsidiary of KPI Green Energy Limited, in accordance with the Companies Act, 2013. This follows a previous announcement on August 21, 2026, regarding the proposed acquisition of up to 100% equity in DMGEL by SDEL.
Key Highlights
- KPI Green Energy's subsidiary SDEL acquired 62.91% stake in DMGEL.
- DMGEL is now a step-down subsidiary of KPI Green Energy.
- Acquisition completed on September 26, 2026.
- This is a continuation of a previously announced acquisition plan.
Price Impact
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