Acquisitions23 Jul 2026, 08:10 pm
Orient Cement Approves Unaudited Q1 FY27 Results & Vena Energy Stake
AI Summary
Orient Cement Limited announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors also approved the acquisition of a 9.04% stake in Vena Energy KN Wind Power Private Limited. The acquisition involves 25,665 equity shares and 9,777 cumulative convertible preference shares for a cash consideration of ₹12,34,350. Vena Energy is engaged in renewable energy generation, operating a 46 MW wind power project in Karnataka. The company aims to offtake electricity from this project under a captive consumption framework. The acquisition is expected to be completed by August 31, 2026.
Key Highlights
- Orient Cement declared unaudited financial results for Q1 FY27.
- Board approved acquisition of 9.04% stake in Vena Energy KN Wind Power.
- Acquisition cost is ₹12,34,350 for equity and preference shares.
- Vena Energy operates a 46 MW renewable energy project in Karnataka.
- Acquisition aims for captive power consumption and is expected by Aug 31, 2026.
Price Impact
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