In Short : Mahindra Group will acquire a 26% equity stake in Neon Hybren Pvt Ltd to develop a captive solar power project in Punjab. The investment supports Mahindra’s renewable energy transition and long-term power cost optimization. The project will supply clean electricity for captive consumption, helping reduce carbon emissions, enhance energy security, and align […]
Welspun India acquires 26% stake in Clean Max Thanos – EQ Mag
Welspun India on Thursday announced that it has acquired 26% stake in Clean Max Thanos (CTPL) for Rs 3.80 crore to get renewable energy under captive structure. In an exchange filing, the company said, As a part of environmental, social, and governance (ESG) journey, the company has entered into an arrangement for supply of renewable […]
Syngene to acquire 26% stake in Ampyr Renewable Energy Resources Eleven – EQ Mag Pro
Syngene International, integrated research, development and manufacturing services firm, said on Tuesday it would acquire up to 26 percent equity stake in Ampyr Renewable Energy Resources Eleven, a special purpose vehicle formed by Ampyr India Asset Holdings. The transaction will cost around Rs 3.2 crore for Syngene. Through the acquisition, Syngene plans to generate and […]