Date: June 10, 2026
Target Entity: Hexa Energy BH Eleven Private Limited
Type of Deal: Minority acquisition (26% equity stake) combined with a Power Purchase Agreement for renewable energy.
Stake/Capacity: 26.00% of the paid-up capital of Hexa Energy.
Deal Value: ₹0.78 crores
Funding Source: Cash consideration. The specific source of funding (internal accruals, debt, etc.) is not disclosed.
Financial Impact: Not disclosed. The announcement does not provide details on expected revenue contribution, EBITDA impact, accretion/dilution, or synergies.
Timeline: The acquisition is expected to be completed within 30 days from the date of signing the Power Purchase Agreement.
Strategic Rationale: The primary objective is to procure renewable (solar) energy for the captive power requirement of RSSL's manufacturing plant located in Bawal, Haryana. This move is aimed at ensuring compliance with Indian Electricity laws.
Approval Status: The deal has been entered into. No pending shareholder or regulatory approvals are mentioned.
Reference Regulation: The announcement is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/l/3762/2026 dated January 30, 2026.
Additional Details:
- This is not a Related Party Transaction. The promoters/promoter group of Rane Holdings have no interest in Hexa Energy.
- The entity being acquired, Hexa Energy, is in the Renewable Energy - Solar Power sector.
- Hexa Energy's business is the generation, transmission, and distribution of electricity through renewable sources.
- Date of Incorporation: February 24, 2026.
- Financial History: Turnover for the last three years (2024, 2025, 2026) is listed as 'NA', indicating the company is newly established and has no financial history.