Acquisitions31 Dec 2025, 11:43 am
Timken India Delays Completion of Sunstreamgreen Energy Acquisition to March 2026
AI Summary
Timken India Limited has announced a delay in the completion of its agreement to acquire 26.1% equity shares of Sunstreamgreen Energy C&I Three Private Limited. The transaction, initially expected to be completed by December 2025, is now likely to be finalized by March 2026. This development follows an earlier intimation dated 22 September 2025, where the company announced its intention to purchase power under the Group Captive Scheme from the Target Company.
Key Highlights
- Timken India Limited delays completion of Sunstreamgreen Energy acquisition to March 2026
- The initial completion date of December 2025 has been revised
- The transaction involves the acquisition of 26.1% equity shares in Sunstreamgreen Energy C&I Three Private Limited
- The acquisition is being made to purchase power under the Group Captive Scheme
- The Target Company is Sunstreamgreen Energy C&I Three Private Limited