Deals3 Jul 2025, 06:32 pm
Surana Solar Ltd. Disinvests from Surana Technologies Private Limited with INR 4,15,54,000 Sale
AI Summary
Surana Solar Ltd. has disinvested from Surana Technologies Private Limited (STPL) as per the Disinvestment Requirements) Regulations, 2015. The Company ceased to have control over STPL on May 22, 2025, after entering into an Investment Agreement and beneficial interest documents with Baidyanath Power Private Limited (BPPL). The transaction was completed on September 30, 2025, with the Company receiving INR 4,15,54,000 as the aggregate consideration for the sale of 100% stake. BPPL, a private limited company incorporated in 2009, is the buyer and doesn't belong to the promoter/promoter group/group companies. This disinvestment does not fall under related party transactions.
Key Highlights
- Surana Solar Ltd. disinvested from Surana Technologies Private Limited (STPL) on May 22, 2025
- The Company ceased to have control over STPL after entering into an Investment Agreement with Baidyanath Power Private Limited (BPPL)
- BPPL, a private limited company incorporated in 2009, is the buyer and doesn't belong to the promoter/promoter group/group companies
- The transaction was completed on September 30, 2025, with the Company receiving INR 4,15,54,000 as the aggregate consideration for the sale of 100% stake
- This disinvestment does not fall under related party transactions