BSL Limited has entered into agreements for acquisition of 23,50,000 equity shares of Bhadla Minigrid Solar 5 Private Limited, constituting 26% of the equity share capital. The acquisition is being made in compliance with the requirements stipulated under applicable electricity laws for captive power consumption.
Acquisition Details
- Target Entity: Bhadla Minigrid Solar 5 Private Limited, a special purpose vehicle established for owning and operating a captive power plant
- Date of Incorporation: 31st January, 2025
- Business: Renewable energy and generation of electrical power by conventional and non-conventional methods
- Turnover (last three years): NIL (newly incorporated company yet to start operations)
- Country of Operation: India
Transaction Structure
- Number of Shares Acquired: 23,50,000 equity shares of ₹10/- each
- Percentage Holding: 26% equity share capital
- Total Investment: ₹2.35 crore
- Consideration Type: Cash consideration
- Expected Completion Timeline: 4 months
Project Details
The SPV is being established for setting up a 4.4 MW AC/6.5 MW DC + 4.92 MWH BESS solar power project on a captive basis at Setrawa, Phalodi District Jodhpur, Rajasthan.
Regulatory and Compliance Aspects
- Related Party Status: The acquisition does not fall under related party transactions
- Promoter/Promoter Group Interest: No interest in the target entity
- Government/Regulatory Approvals: Not applicable as per the disclosure
Purpose and Rationale
The acquisition aims to augment captive renewable energy capacity of up to 4.4 MW AC/6.5 MW DC + 4.92 MWH BESS for BSL's plants located at Mandpam, Bhilwara through a qualifying Solar captive project, ensuring long-term cost efficiency and sustainability.
Disclosure Compliance
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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