Acquisitions13 Nov 2026, 12:21 pm
MRF Ltd Acquires 30% Stake in Solar Power Firm R.D Nature Powers
AI Summary
MRF Ltd has entered into a Captive Power Agreement with R.D Nature Powers Private Limited to purchase solar power. As part of this agreement, MRF will acquire up to 30% of the paid-up equity in R.D Nature Powers for ₹30 Lakhs (₹0.30 Crore). R.D Nature Powers, incorporated on November 13, 2024, has a total installed capacity of 65 MWp and is engaged in renewable energy generation and trading. This acquisition aims to enhance MRF's renewable power supply sources and comply with group captive power generation regulations. The transaction is expected to be completed by December 31, 2026.
Key Highlights
- MRF Ltd to acquire up to 30% equity in R.D Nature Powers.
- Investment of ₹30 Lakhs (₹0.30 Crore) for equity shares.
- Enhances renewable power supply and ensures regulatory compliance.
- R.D Nature Powers has a 65 MWp solar/wind energy capacity.
- Acquisition expected to complete by December 31, 2026.
Price Impact
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