Mahindra & Mahindra Limited has announced the incorporation of Emergent Solren in Mumbai, as a wholly-owned subsidiary of its arm Mahindra Holdings.
Mahindra Holdings has subscribed to 50,000 equity shares of the face value of INR 10 per share, at par in Emergent Solren.
“Emergent Solren will be mainly engaged in the business of production and sale of solar power, generating electricity and also distributed energy including rooftop solar installation for the commercial, industrial, institutional and residential segment, solar water pumps and other related matters,” the company stated.
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