Date: October 12, 2026
Investment in SPV
Fortis Hospotel Limited, a wholly owned subsidiary of Fortis Healthcare Limited, has entered into an agreement to acquire 26% equity shares of Clean Max Sau Private Limited, a special purpose vehicle (SPV) incorporated for captive solar power generation.
Target Entity Details
- Name: Clean Max Sau Private Limited
- Date of Incorporation: June 2, 2026
- Business Purpose: Development, operation and maintenance of captive solar power project(s) and allied activities for supplying renewable energy to Fortis Healthcare Limited
- Geographic Presence: Operates only in India
- Turnover: Not available (entity recently incorporated)
Transaction Details
- Acquisition Type: Equity share acquisition
- Percentage Acquired: 26% of paid-up capital
- Consideration: Cash consideration of up to ₹1.85 Crore
- Completion Timeline: Within 3 months of agreement execution (by approximately January 12, 2027)
- Related Party Transaction: No, not a related party transaction
- Government Approvals: Not applicable
Strategic Rationale
- The SPV will develop a solar power generation project in the State of Haryana for captive power consumption of Fortis Hospotel Limited
- This investment will help meet the company's green energy needs and optimize energy costs
- The target entity's business falls under renewable energy sector, which is outside Fortis Healthcare's main line of business (healthcare)