CIE Automotive Invests ₹48 Lakh in Suryadeep GJ3

CIE Automotive India completed its ₹48 lakh investment for a 26.09% stake in Suryadeep GJ3 Project Private Limited.
The investment establishes Suryadeep as an associate company and secures captive solar power supply for CIE's Rajkot factories.
Suryadeep is developing a 1.6 MWp renewable energy project and was previously a wholly-owned subsidiary of InSolare Energy Limited.
The transaction is not a related party transaction and was completed at par value of ₹10 per equity share.