Antony Waste JFE Invests ¥750M Waste-to-Energy

Antony Waste Handling's subsidiary executed agreements with JFE Engineering for a ¥750 million investment in two waste-to-energy SPVs.
JFE will acquire a 25% minority equity stake in each SPV through a primary share issuance, diluting Antony Lara's ownership from 100% to 75%.
The SPVs, Kadapa Renew Energy and Kurnool Renew Energy, will cease to be wholly-owned subsidiaries upon transaction completion.
JFE gains protective rights including board representation in the SPVs, structured under SEBI Listing Regulations disclosure requirements.