Acquisitions1 Nov 2024, 09:29 pm
Refex Renewables Acquires 51% Stake in Sherisha Solar SPV Two, Making it a Step-Down Wholly-Owned Subsidiary
AI Summary
Refex Renewables & Infrastructure Ltd has announced that its wholly-owned subsidiary, Refex Green Power Limited, has acquired a 51% equity stake in Sherisha Solar SPV Two Private Limited. This acquisition makes Sherisha Solar SPV Two a step-down wholly-owned subsidiary of Refex Renewables. The transaction was completed on October 31, 2024, with a cash consideration of ₹1 only. Sherisha Solar SPV Two, incorporated on November 29, 2018, is in the renewable energy/solar power project industry. Its turnover for FY24 was ₹1,58,05,520 with a net worth of ₹1,77,96,674.
Key Highlights
- Refex Green Power Limited acquires a 51% equity stake in Sherisha Solar SPV Two Private Limited.
- Sherisha Solar SPV Two becomes a step-down wholly-owned subsidiary of Refex Renewables & Infrastructure Ltd.
- The transaction was completed on October 31, 2024, with a cash consideration of ₹1 only.
- Sherisha Solar SPV Two is in the renewable energy/solar power project industry.
- Sherisha Solar SPV Two's turnover for FY24 was ₹1,58,05,520 with a net worth of ₹1,77,96,674.