Acquisitions23 Oct 2025, 03:31 pm
Premier Energies Acquires 51% Stake in KSolare Energy for INR 86.7 Cr
AI Summary
Premier Energies Ltd has approved the acquisition of 51% equity share capital of KSolare Energy Private Limited, a Pune-based manufacturer of solar inverters and provider of smart energy solutions. The acquisition will strengthen India's domestic manufacturing eco-system and advance clean energy goals. The total consideration for the acquisition is approximately INR 170 crores, with Premier Energies acquiring 51% and Syrma SGS Technologies acquiring the rest 49%. The acquisition is expected to be completed within 90 days, subject to satisfactory completion of the conditions precedent and closing conditions.
Key Highlights
- Premier Energies to acquire 51% equity share capital of KSolare Energy for INR 86.7 crores
- Syrma SGS Technologies to acquire the remaining 49% equity share capital for INR 83.3 crores
- KSolare Energy specializes in designing and manufacturing a wide range of solar inverters, including on-grid, off-grid, and hybrid models
- The acquisition is expected to strengthen India's domestic manufacturing eco-system and advance clean energy goals
- The transaction is at arm's length basis and doesn't fall under related party transactions