
Business Update25 May 2026, 05:51 pm
Saint Gobain Sekurit Invests ₹1.51 Cr in Renewable Energy
AI Summary
Saint Gobain Sekurit India Ltd has executed a Power Purchase Agreement and Share Subscription and Shareholders’ Agreement with Murli Solar Energy Private Limited and Sunsure Energy Private Limited on May 25, 2026, to source renewable energy. As part of the agreement, Saint-Gobain Sekurit India will hold not less than 26% of the Share Capital of the Power Producer and will pay a subscription amount equivalent to ₹1,51,20,000. The equity shares will be issued at par, at an issue price of ₹10 each.
Key Highlights
- Saint Gobain Sekurit to source renewable energy via agreements.
- Investment of ₹1.51 Cr in Murli Solar and Sunsure Energy.
- Will hold at least 26% share capital in the power producer.
- Equity shares issued at ₹10 each.
Price Impact
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