Acquisitions18 Aug 2025, 09:15 pm
Reliance Power Ltd Acquires 25% Stake in Renewable Energy JV - GDL- Reliance Solar Pte Ltd
AI Summary
Reliance Power Ltd, through its Associate Company - Reliance Enterprises Private Limited (REPL), has acquired a 25% stake in GDL- Reliance Solar Pte Ltd (GRSPL), a 50:50 Joint Venture (JV) between Green Digital Private Limited, a State Owned Enterprise of Royal Government of Bhutan, and REPL. The JV is incorporated under Gelephu Mindfulness City (GMC), a Special Administrative Region (SAR) in the Kingdom of Bhutan. REPL has subscribed 2,25,000 shares of USD 100 each in cash, representing 50% of the shareholding. The acquisition is at arm’s length and falls within the renewable and green energy sector.
Key Highlights
- Reliance Power Ltd acquires a 25% stake in GDL- Reliance Solar Pte Ltd, a 50:50 JV between Green Digital Private Limited and Reliance Enterprises Private Limited.
- The JV is incorporated under Gelephu Mindfulness City, a Special Administrative Region in the Kingdom of Bhutan.
- Reliance Enterprises Private Limited has subscribed 2,25,000 shares of USD 100 each in cash, representing 50% of the shareholding.
- The acquisition is at arm’s length and falls within the renewable and green energy sector.
- Reliance Infrastructure Limited, the promoter company, also holds 25% of the share capital in GRSPL indirectly through REPL.