Acquisitions13 Oct 2026, 03:49 pm
Maxgrow acquires 74% in Hurricane Windfarms, making it a subsidiary
AI Summary
Maxgrow India Ltd has acquired 1,10,999 equity shares of Hurricane Windfarms Private Limited (HWPL) for cash at ₹525 per share, securing a 74% shareholding and making HWPL a subsidiary. HWPL, incorporated in 2011, operates in the renewable energy sector, generating and selling power through wind mills. Its turnover for FY26 was ₹269.12 lakhs (₹2.69 Crore). The acquisition aims to generate synergies by combining HWPL's renewable energy activities with Maxgrow's existing capabilities, supporting business growth, broadening offerings, and creating opportunities for cross-selling and operational efficiencies. This transaction is not a related party transaction.
Key Highlights
- Maxgrow acquired 74% stake in Hurricane Windfarms Private Limited.
- Hurricane Windfarms, a renewable energy firm, is now a subsidiary.
- Acquisition aims for business synergy and expanded offerings.
- HWPL reported ₹269.12 lakhs turnover in FY26.
- Maxgrow paid ₹525 per share for the acquisition.
Price Impact
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