Waaree issues clarification on Enel Green Power India acquisition deal
Waaree Energies Ltd has issued a clarification regarding recent media reports suggesting that its deal for acquisition of Enel Green Power India is on the verge of collapse. In a regulatory statement, the company stated that certain commercial terms of the agreement are under review and the company is in discussions for the same.
Exide Industries infuses INR 100 crore into lithium battery arm
Exide Industries Ltd has invested an additional INR 100 crore in its lithium-ion battery arm, Exide Energy Solutions Ltd (EESL), through equity subscription.
Shakti Pumps invests INR 12 crore in solar manufacturing arm
Shakti Pumps (India) Ltd has invested INR 12 crore in its wholly owned subsidiary, Shakti Energy Solutions Ltd, in exchange for equity shares.
Adani Green Energy allots 1.09 crore equity shares to Ardour upon warrant conversion
The promoter group’s shareholding in Adani Green Energy Ltd (AGEL) has now increased from 61.91% to 62.17%.
ReNew receives final non-binding offer from Masdar, CPP Investments, ADIA, and Sumant Sinha
ReNew Energy Global has received a final non-binding offer from a consortium of its promoters to acquire the company’s entire issued and to be issued share capital not already owned by the Consortium, for cash consideration of $8.00 per share. This offer is 13.2% higher than the initial proposal made on Dec. 10, 2024.
Honeywell adds Li-ion Tamer for battery fire safety in buildings
Honeywell has acquired the Li-ion Tamer business from Nexceris, a leader in off-gas detection technology for lithium-ion batteries. Li-ion Tamer’s early warning technology detects battery off-gassing, which typically precedes thermal runaway, providing facilities with vital time to intervene before a battery fire starts.
AM Green acquires stake in Greenko from ORIX
The stake acquisition enhances AM Green’s upstream integration with Greenko, which runs over 10 GW of renewable and pumped storage assets and is building the world’s largest “Intelligent Energy Storage Cloud Platform.”
Waaree Energies Board of Directors approves acquisition of Kamath Transformers, Green New Delhi Forever Energy
Waaree Energies’ Board of Directors has approved the acquisition of Kamath Transformers by the company. The Board also approved the acquisition of Green New Delhi Forever Energy by Waaree Forever Energies, a wholly owned subsidiary of Waaree Energies.
Hexa Climate buys Fortum’s renewable energy portfolio in India
Gurugram based Hexa Climate Solutions has acquired Finnish energy company Fortum’s renewable energy portfolio in India.
Adani Green Energy allots 44.9 lakh equity shares to Ardour upon warrant conversion
Adani Green Energy Ltd (AGEL) has approved the conversion of 44.9 lakh warrants into equity shares by Ardour Investment Holding, a member of the promoter group of the Company. Consequently, the promoter group shareholding in AGEL has increased from 60.94% to 61.05%.
