Transaction Details
The Company has paid consideration of ₹26,000 on 13.11.2026 towards acquisition of 2,600 equity shares of ₹10 each, representing 26% of the equity share capital of FPEL Bhanu Private Limited (SPV Company). The shares will be credited to the Company's demat account in due course.
Background and Purpose
This acquisition follows the execution of Share Purchase Agreement, Shareholders' Agreement, Power Consumption Agreement & other related Agreement(s) dated 12.11.2026 for setting up a captive Wind-Solar Hybrid power project in Gujarat. The project will have wind capacity of 19.8 MW and solar capacity of approximately 25 MWp (19.25 MW AC).
Future Commitment
The Company will subscribe to further capital of FPEL Bhanu Private Limited from time to time to maintain its 26% equity shareholding.
Target Entity Details
- Name: FPEL Bhanu Private Limited (SPV Company)
- Industry: Renewable Energy
- Authorised Share Capital: ₹15,00,000
- Paid-Up Share Capital: ₹1,00,000
- Date of Incorporation: 21st November, 2025
- Country of Incorporation: India
- Turnover: Not applicable as SPV is yet to commence business operations
- Business: Renewable energy for captive use
Transaction Characteristics
- Related Party Transaction: No
- Arm's Length: Yes
- Consideration Type: Cash
- Government Approvals Required: Not Applicable
- Completion Status: Consideration paid on 13.11.2026, future subscriptions planned