Key Quantitative Figures
- Acquisition of 27% of total paid-up share capital of Yesaryes Energy Private Limited
- Total consideration: ₹45 lakhs
- Solar power plant capacity: 37.5 MW
- Investment to be made in cash in one or more tranches
Parties Involved
- Chemplast Sanmar Limited (Acquiring Company)
- Yesaryes Energy Private Limited (Power Producer/Target Company)
- Veebee Yarnntex Private Limited (Seller)
Purpose and Rationale
To enable the Company to source environment friendly green energy (solar power) from Yesaryes Energy's 37.5 MW solar power plant in Tamil Nadu under Group Captive Power Plant Scheme for captive consumption. The arrangement is expected to help in reducing the energy cost of the Company.
Transaction Details
- No related party transaction involved
- Promoter/promoter group/group companies of Chemplast Sanmar have no interest in Yesaryes Energy
- Industry: Solar energy - Power Producers
- No governmental or regulatory approvals required
- Completion timeframe: Within statutory time limits
- Consideration form: Cash payment
Background of Acquired Entity
Yesaryes Energy Private Limited is engaged in generation and transmission of electricity from solar energy. The company was incorporated on 20th January, 2025 and commenced commercial operations in April 2026. Turnover for last 3 years is not applicable as operations began recently. The company is incorporated in India.
Financial Impact
The acquisition involves a cash outflow of ₹45 lakhs for 27% equity stake. The investment is expected to reduce energy costs through captive consumption of solar power.