Investment24 Jun 2025, 05:41 pm
Vardhman Textiles Invests Rs. 16.67 Crore in Renew Green (MPR One) Private Limited
AI Summary
Vardhman Textiles Ltd. has invested Rs. 16.67 crore in Renew Green (MPR One) Private Limited for a 31.2% equity stake. This investment is for the setting-up of a 1.5 MW wind Solar Hybrid Power Plant in the state of Madhya Pradesh. The investment was made by subscribing to 755 Equity Shares of face value of Rs. 10/- each. This move is in continuation to the Share Subscription and Shareholder’s Agreement (SSSA) with Renew Green Energy Solutions Private Limited (Promotor) & Renew Green (MPR One) Private Limited (Power Producer), and a Power Purchase Agreement (PPA) with Renew Green (MPR One) Private Limited (Power Producer).
Key Highlights
- Vardhman Textiles invests Rs. 16.67 crore in Renew Green (MPR One) Private Limited
- Investment for a 31.2% equity stake in a 1.5 MW wind Solar Hybrid Power Plant
- Investment made by subscribing to 755 Equity Shares of face value of Rs. 10/- each
- Investment is in line with the Share Subscription and Shareholder’s Agreement (SSSA) and Power Purchase Agreement (PPA)
- Investment aims to set up a power plant in the state of Madhya Pradesh