Acquisitions12 Feb 2026, 06:33 pm
Saatvik Green Energy Ltd Subsidiary to Acquire 49% Stake in Intelligent Hydel Solutions for INR 1,30,58,500
AI Summary
Saatvik Cleantech EPC Private Limited, a wholly owned subsidiary of Saatvik Green Energy Limited, has entered into a Share Purchase Agreement (SPA) to acquire a 49% equity stake in Intelligent Hydel Solutions Private Limited for a total consideration of INR 1,30,58,500. The acquisition aims to expand Saatvik Cleantech's operations into the Independent Power Producer business, as IHSPL has entered into a Power Purchase Agreement (PPA) with MSEDCL for setting up a 41 MW AC Power plant in Maharashtra.
Key Highlights
- Saatvik Cleantech EPC Private Limited to acquire 49% equity shares of Intelligent Hydel Solutions Private Limited
- Total consideration for the acquisition is INR 1,30,58,500
- Acquisition aims to expand Saatvik Cleantech's operations into the Independent Power Producer business
- Intelligent Hydel Solutions has entered into a PPA with MSEDCL for setting up a 41 MW AC Power plant in Maharashtra
- Post-acquisition, RMC Switchgears Limited will retain 51% equity shares and Saatvik Cleantech EPC Private Limited will hold the remaining 49%