Acquisitions5 Aug 2026, 05:50 pm
S.J.S. Enterprises Completes DB Renews Share Subscription
AI Summary
S.J.S. Enterprises Ltd has completed the subscription of 28,800 equity shares in M/s. DB Renews Private Limited, with a face value of INR 250/- each, for a total consideration of INR 72,00,000/-. This subscription is part of an agreement for the supply of up to 36,00,000 units of wind power annually. Following the subscription, S.J.S. Enterprises holds a 2.08% stake in DB Renews Private Limited. The company has previously disclosed the details of this acquisition as per SEBI regulations.
Key Highlights
- Completed subscription of 28,800 equity shares in DB Renews Private Limited.
- Total consideration for the acquisition amounts to INR 72,00,000/-.
- Acquisition secures annual wind power supply of up to 36,00,000 units.
- Post-acquisition shareholding in DB Renews is 2.08%.
Price Impact
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