Sangam India Ltd Acquires 3.86% Stake in CGE II Hybrid Energy Pvt. Ltd for Rs. 11,42,42,420
Sangam India Ltd has executed Power Consumption Agreement with M/s CGE II Hybrid Energy Private Limited and Share Purchase & Shareholders Agreement with M/s CGE Il Hybrid Energy Private Limited And M/s Continuum Green Energy Limited. The transaction, completed on 14th October, 2025, is undertaken with the objective of securing renewable energy under captive status for the Company’s manufacturing units located in the State of Rajasthan. The acquisition cost Rs. 11,42,42,420 for acquiring approximately 3.86% equity stake in CGE II Hybrid Energy Pvt. Ltd, a subsidiary of Continuum Green Energy Limited, incorporated on December 2, 2021, for the purpose of undertaking renewable power generation, distribution, and supply in the State of Rajasthan.
Key Highlights
- Sangam India Ltd has approved and executed Power Consumption Agreement with M/s CGE II Hybrid Energy Private Limited and Share Purchase & Shareholders Agreement with M/s CGE Il Hybrid Energy Private Limited And M/s Continuum Green Energy Limited.
- The transaction is undertaken with the objective of securing renewable energy under captive status for the Company’s manufacturing units located in the State of Rajasthan.
- The total cost of acquisition is Rs. 11,42,42,420 for acquiring approximately 3.86% equity stake in CGE II Hybrid Energy Pvt. Ltd.
- CGE II Hybrid Energy Pvt. Ltd is a subsidiary of Continuum Green Energy Limited, incorporated on December 2, 2021, for the purpose of undertaking renewable power generation, distribution, and supply in the State of Rajasthan.
- The transaction was completed on 14th October, 2025.