ReNew Energy Global receives $8.15 per share buyout offer from Masdar-led consortium
ReNew Energy Global Plc has announced that it has received a best and final non-binding buyout proposal from Masdar, CPP Investments, the Abu Dhabi Investment Authority, and Sumant Sinha. The offer of $8.15 per share represents an increase of $1.08 per share, or 15.3%, from the initial non-binding proposal dated December 10, 2024.
Waaree Energies completes acquisition of 64% equity stake in transformer company Kotsons
Waaree Energies Ltd has completed the acquisition of a 64% equity stake in transformer solutions company Kotsons Pvt Ltd (KPL) for a total consideration of INR 192 crore. Consequently, KPL has become a subsidiary of the company.
Statkraft signs agreement to sell solar, wind projects in India to Serentica
Statkraft has signed an agreement to sell approximately 1.5 GWp of its renewable energy portfolio in Rajasthan, comprising the recently commissioned 445 MWp Khidrat solar plant and around 1,000 MWp of solar and wind projects at various stages of development.
ACME Solar to acquire AK Renewable Infra
ACME Solar Holdings has executed a share purchase agreement to acquire 100% equity shares of AK Renewable Infra for an enterprise value of INR 79.25 crore.
Waaree Energies enters transformer business with majority acquisition of Kotsons
Kotsons’ UL certifications for dry transformers open significant opportunities for exports to the USA and Canada, aligning with Waaree’s growing international presence.
Everest Industries invests in solar plant for captive consumption
Everest Industries, a building solutions company in India, has invested INR 1.76 crore in Amplus Ampere (Amplus), a special-purpose vehicle (SPV) created by Amplus Energy Solutions to set up a solar power plant for group captive consumption.
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%.
