Acquisitions30 Jan 2024, 12:08 am
CIE Automotive India Ltd to acquire 27.89% stake in Ojaha Renewables Private Limited
AI Summary
CIE Automotive India Ltd, a leading automotive component manufacturer, has announced the acquisition of a 27.89% stake in Ojaha Renewables Private Limited, a renewable energy company. The investment will enable CIE to source green energy from captive solar power generating plants and optimize its power cost.,
Key Highlights
- CIE Automotive India Ltd to acquire 27.89% stake in Ojaha Renewables Private Limited
- Investment to source green energy from captive solar power generating plants
- Optimize power cost and increase consumption of green energy