Acquisitions23 Apr 2026, 06:31 pm
Star Cement subsidiary acquires 100% of Jaitaran Renewable Power
AI Summary
Star Cement North East Limited (SCNEL), a subsidiary of Star Cement Ltd, has acquired 100% shareholding of Jaitaran Renewable Power Private Limited (JRPPL) for a cash consideration of ₹20,000. Consequently, JRPPL has become a wholly-owned subsidiary of SCNEL and a step-down subsidiary of Star Cement Limited. JRPPL, incorporated on March 11, 2026, operates in the Energy & Power industry. The acquisition aims to diversify Star Cement's business into a new vertical and strengthen its initiatives towards renewable energy. The transaction is not a related party transaction. JRPPL has an authorized share capital of ₹10.00 Lakhs and a paid-up capital of ₹0.20 Lakhs, with nil turnover for 2025.
Key Highlights
- Star Cement's subsidiary acquired 100% of Jaitaran Renewable Power.
- The acquisition diversifies business into the renewable energy sector.
- JRPPL becomes a wholly-owned step-down subsidiary.
- Acquisition cost was ₹20,000 for 100% stake.
- JRPPL is a newly incorporated entity in Energy & Power.