Transaction Details
On July 7, 2026, Riddhi Siddhi Gluco Biols Limited completed the acquisition of a 26% partnership interest in Clean Max Pluto Solar Power LLP from Cargill India Private Limited. The transaction was executed as part of an Asset Purchase Agreement originally dated January 19, 2026, which has been amended.
Asset Description
Clean Max Pluto Solar Power LLP operates a dedicated wind and solar power plant with a total capacity of 25.30 MW.
Purpose and Rationale
The transfer of partnership interest enables Riddhi Siddhi Gluco Biols Limited to qualify as a captive user and avail long-term, cost-competitive solar/wind power for its proposed manufacturing facility at Davangere, Karnataka.