Investment7 Nov 2026, 02:30 pm
Restaurant Brands Asia Allots ₹1.1 Cr Equity in Solar SPV
AI Summary
Restaurant Brands Asia Limited has been allotted 11,00,000 equity shares of ₹10 each in Navitas Anant Renewables Two Private Limited for an aggregate consideration of ₹1.1 Crore (₹1,10,00,000). This allotment is a continuation of the company's earlier intimation on September 16, 2026, regarding the acquisition of 26% equity shares in Navitas Anant Renewables Two Private Limited. The Special Purpose Vehicle (SPV) is established for supplying solar power to Restaurant Brands Asia's Indian outlets.
Key Highlights
- Allotted 11 lakh equity shares in solar power SPV.
- Investment of ₹1.1 Crore in Navitas Anant Renewables.
- Acquisition of 26% equity in the solar power SPV.
- SPV to supply solar power to company's restaurants.
Price Impact
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