Acquisitions25 Jul 2026, 03:31 pm
Swelect Energy Acquires 100% Stake in Dexler Solar Park for Under ₹1 Lakh
AI Summary
Swelect Energy Systems Ltd has approved the acquisition of 100% equity shares in Dexler Solar Park Phase 1 Private Limited (DSPP1) for a consideration not exceeding ₹1 Lakh. DSPP1, incorporated in 2018, is involved in renewable energy generation and distribution. Post-acquisition, DSPP1 will become a wholly-owned subsidiary and will set up a solar power plant under the Group Captive Scheme. This move is expected to increase Swelect Energy's consolidated turnover and enhance its presence in Karnataka. The target entity had a turnover of Nil and a Net Worth of (₹6,45,190) for FY 2024-25.
Key Highlights
- Swelect Energy to acquire 100% of Dexler Solar Park Phase 1.
- Acquisition cost capped at ₹1 Lakh, paid in cash.
- DSPP1 to become a wholly-owned subsidiary post-acquisition.
- Acquisition aims to boost consolidated turnover and Karnataka presence.
- DSPP1 will establish a solar power plant under Group Captive Scheme.
Price Impact
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