Arthneeti
Acquisition / mergerFiled on BSE ·

Solarworld Energy Solutions Ltd forms JV with Rays Power for 2.4 GW solar PV facility

Solarworld Energy Solutions Ltd · Construction

What the filing says

  • Approved SSA and JVA with Rays Power and Rays Green to jointly develop a 2.4 GW solar PV cell plant at Mohasa, Madhya Pradesh; Company to hold 50% equity
  • Variation in IPO proceeds use: from ₹420 crore investment in KSPL (Pandhurana Project) to invest in Rays Green JV; ₹521.68 crore total funding planned from IPO and Pre-IPO proceeds
  • Company to subscribe up to ₹100 crore in Rays Green equity and extend loan up to ₹320 crore for project funding; equity shares issued at ₹21,287/share; turnover of Rays Green ₹437.63 crore in FY 2025-26

Original filing

Announcement under Regulation 30 (LODR)-Joint Venture

Read the filing on BSE (PDF) →

Companies guiding to strong growth

Ranked by management's own guidance on revenue and margins — not by us.

Waaree Energies

Electrical Equipment

Revenue: Rank 1Margin: Rank 1

Sign up free to see all 6 →

See full rankings

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

More from Solarworld Energy Solutions Ltd

Other acquisition / merger filings this fortnight

All acquisition / merger filings →

Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.