Indian solar manufacturer Premier Energies has completed the acquisition of 104,550 equity shares of HeliosAnthos Energies, securing 51% of the company’s paid-up equity share capital. HeliosAnthos Energies is a joint venture between Premier Energies and BA Prerna Renewables, formed to expand Premier’s presence in the engineering, procurement and construction (EPC) segment of renewable energy projects.
The shares were allotted to Premier Energies on a preferential basis through a private placement. The company paid a total consideration of INR 1,045,500 (approximately INR 10.45 lakh) for the stake.
Following the allotment, HeliosAnthos Energies becomes a subsidiary of Premier Energies, with BA Prerna Renewables holding the remaining 49% stake.
HeliosAnthos Energies will undertake solar, wind, standalone battery solar-wind-battery hybrid projects across India, offering end-to-end EPC solutions covering land acquisition, transmission connectivity, statutory approvals, detailed engineering, procurement, installation and commissioning.
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