Acquisition / mergerFiled on BSE ·
Vardhman Textiles acquires 26% stake in Serentica Renewables India 32 Pvt Ltd
Vardhman Textiles Ltd · Textiles & Apparels
What the filing says
- Vardhman Textiles Ltd approved and executed Share Subscription & Power Delivery Agreements on 5 Oct 2026 for acquiring minimum 26% stake in Serentica Renewables India 32 Pvt Ltd for ₹41.85 crore.
- Serentica Renewables India 32 Pvt Ltd is a Special Purpose Vehicle incorporated on 29 June 2025, engaged in renewable power projects, yet to commence commercial operations.
- The project involves developing 40 MW wind and 30 MW solar captive power plants to supply 27 MW to Vardhman’s facilities in Himachal Pradesh, with payments in three tranches and cash consideration.
Original filing
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
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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.