Investment12 Dec 2025, 05:21 pm
Vardhman Textiles Invests Rs. 5.05 Crore in Sone Solar Energy One Private Limited
AI Summary
Vardhman Textiles Ltd. has invested Rs. 5,05,21,220 in Sone Solar Energy One Private Limited by subscribing to 23,161 Equity Shares and 50,28,961 Compulsory Convertible Debentures. This investment is part of the group's captive solar (photovoltaic) power generation facility in Punjab, having a total capacity of 30 MWac (42MWp). This move is in line with the company's commitment to renewable energy and sustainable practices.
Key Highlights
- Vardhman Textiles has invested Rs. 5.05 crore in Sone Solar Energy One Private Limited.
- The investment is for the group's captive solar (photovoltaic) power generation facility in Punjab with a capacity of 30 MWac (42MWp).
- The investment is in the form of subscribing to 23,161 Equity Shares and 50,28,961 Compulsory Convertible Debentures.
- This move aligns with the company's commitment to renewable energy and sustainable practices.
- The investment is a part of the company's earlier approved investment of Rs. 9.13 crore for acquisition of 19.5% stake in the Equity Securities of Sone.