Acquisitions7 Jul 2026, 08:10 pm
Riddhi Siddhi Gluco Biols Acquires 26% Stake in Solar Power LLP
AI Summary
Riddhi Siddhi Gluco Biols Limited has completed the acquisition of a 26% partnership interest in Clean Max Pluto Solar Power LLP from Cargill India Private Limited. This acquisition, part of a larger Asset Purchase Agreement for a manufacturing facility in Davangere, Karnataka, allows the company to qualify as a captive user. It will enable Riddhi Siddhi Gluco Biols to secure long-term, cost-competitive solar/wind power for its proposed manufacturing facility.
Key Highlights
- Acquired 26% partnership interest in Clean Max Pluto Solar Power LLP.
- Secures captive user status for solar/wind power.
- Aims for cost-competitive energy for Davangere facility.
- Transaction completed on July 7, 2026.
Price Impact
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