Transaction Summary
The company has entered into a Reconstituted Partnership Deed on 8th August, 2026 for the acquisition of M/s Arankam Green Energy Solution ("the Firm").
Target Entity Details
- Name: M/s Arankam Green Energy Solution
- Business: Special Purpose Vehicle (SPV) made specifically for getting into long-term power purchase agreements for solar power projects in India
- Project: Set up of 6.3 MW Solar Plant at Khta Mugal, Saharanpur, Uttar Pradesh
- Date of Incorporation: 20th April, 2025
- Country of Operation: India
- Historical Turnover: Not available (NA) for last 3 years
Transaction Structure
- Acquisition Type: Partnership interest acquisition
- Initial Stake Acquired: 49% partnership interest
- Future Stake: Balance 51% partnership interest shall be acquired after expiry of one year from the Commercial Operation Date (COD)
- Consideration Form: Cash
- Completion Status: Acquisition completed upon execution of the Reconstituted Partnership Deed on 8th August, 2026
Regulatory and Post-Completion Formalities
- Government/Regulatory Approvals: Not Applicable
- Post-Completion Requirement: Registration of the Reconstituted Partnership Deed with the Registrar of Firms (RoF) is being undertaken in accordance with applicable law
Related Party Status
The acquisition does not fall within the ambit of related party transactions at the time of execution of the Partnership deed. However, after execution, the Firm will become a related party of the Company.
Business Rationale and Impact
The acquisition is for completion and commercialization of a 6.3 MW renewable energy project awarded to the Firm under:
- A Power Purchase Agreement with Uttar Pradesh Power Corporation Limited (UPPCL)
- Letter of Award issued by Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA)
Industry Classification
The target entity belongs to the Renewable/Green Energy industry.
#Tags: #RDBInfrastructure #ArankamGreenEnergy #SEBIDisclosure #Regulation30 #M&A #Neutral