Investment29 May 2026, 06:11 pm
Vardhman Invests ₹24.46 Cr in Renew Green (MPR Four)
AI Summary
Vardhman Textiles Ltd has invested ₹24.46 crore in Renew Green (MPR Four) Private Limited by subscribing to 4,64,926 equity shares of face value ₹10 each. This investment is part of the 'Share Subscription and Shareholder’s Agreement' with Renew Green Energy Solutions Private Limited and Renew Green (MPR Four) Private Limited, related to setting up a 19 MW AC Wind Solar Hybrid Power Plant. Post allotment, Vardhman's shareholding in Renew Green (MPR Four) Private Limited will be 31.2%.
Key Highlights
- Vardhman invests ₹24.46 Cr in Renew Green (MPR Four) Private Limited.
- Acquired 4,64,926 equity shares at face value of ₹10 each.
- Investment is for a 31.2% equity stake in Renew Green (MPR Four).
- Part of agreement for 19 MW AC Wind Solar Hybrid Power Plant.
- Post-allotment, Vardhman holds 31.2% shareholding.
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