Acquisitions1 Dec 2025, 02:59 pm
Surana Telecom Acquires 100% Stake in Topsun Solar, Becoming Wholly Owned Subsidiary
AI Summary
Surana Telecom and Power Ltd has acquired 100% equity stake in Topsun Solar Private Limited, making it a wholly owned subsidiary. The acquisition was made in accordance with the SEBI Listing Regulations and the details of the subsidiary are provided in the enclosed Annexure. The acquisition does not fall under related party transactions and is done at arm’s length. Topsun Solar Private Limited is a company incorporated in Telangana, with the main object of trading, distributing, supplying, generating, transmitting and manufacturing solar energy related products. The company is yet to commence its operations.
Key Highlights
- Surana Telecom acquires 100% stake in Topsun Solar
- Topsun Solar becomes wholly owned subsidiary of Surana Telecom
- Acquisition in accordance with SEBI Listing Regulations
- No related party transactions involved
- Topsun Solar's main object is solar energy related products