Investment30 Jan 2026, 02:11 pm
Saint Gobain Sekurit India Ltd to Invest ₹ 30 Million in Sunsure Energy Private Limited's SPV for Green Power Sourcing
AI Summary
Saint Gobain Sekurit India Ltd has approved an investment not exceeding ₹ 30 Million in the SPV of Sunsure Energy Private Limited for sourcing green power. The agreement is aimed at sourcing renewable energy through a solar power generation plant. The investment is equivalent to the company's proportionate shareholding in the SPV. The Board of SPV will be responsible for compliance with the Companies Act and rules. The transaction does not fall under related party transactions.
Key Highlights
- Saint Gobain Sekurit India Ltd to invest ₹ 30 Million in Sunsure Energy Private Limited's SPV
- Investment aimed at sourcing renewable energy through a solar power generation plant
- Investment equivalent to the company's proportionate shareholding in the SPV
- Board of SPV responsible for compliance with the Companies Act and rules
- Transaction does not fall under related party transactions