Acquisitions27 Aug 2026, 11:10 pm
Nestle India Acquires 26% Stake in Radiance KA for Renewable Energy
AI Summary
Nestle India Ltd has executed a Share Subscription and Shareholders' Agreement to acquire a 26% equity stake in Radiance KA Sunshine Seven Private Limited. This acquisition, valued at ₹7.61 crore, is for establishing a captive renewable energy power plant to meet the energy needs of one of its manufacturing facilities. The move aligns with Nestle India's sustainability objectives and commitment to increasing renewable energy usage. Radiance KA, engaged in renewable energy generation, reported a turnover of ₹15.8 crore for FY26. The acquisition is funded through internal accruals and is expected to be completed within 30 days.
Key Highlights
- Nestle India acquires 26% stake in Radiance KA for captive renewable energy.
- Acquisition cost is ₹7.61 crore, funded by internal accruals.
- Initiative supports sustainability goals and renewable energy commitment.
- Target entity, Radiance KA, reported FY26 turnover of ₹15.8 crore.
- Acquisition enables Nestle India to meet 'captive user' regulations.
Price Impact
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