Solarworld Energy Solutions Limited
Transaction Details
On October 30, 2026, Solarworld Energy Solutions Limited paid ₹26,82,16,200 (Rupees Twenty Six Crore Eighty Two Lakh Sixteen Thousand Two Hundred) to Rays Green Energy Manufacturing Private Limited as the first tranche of its equity subscription.
Share Allotment
Rays Green Energy Manufacturing Private Limited allotted 12,600 equity shares to Solarworld Energy Solutions Limited on October 31, 2026. Each share has a face value of ₹10 and was issued at a price of ₹21,287 per share, including a premium of ₹21,277 per share.
Shareholding Structure
Following this allotment, Solarworld Energy Solutions Limited holds 50% of the paid-up equity share capital of Rays Green Energy Manufacturing Private Limited. The remaining 50% is held by Rays Power Infra Limited.
Future Commitment
The balance equity subscription of up to ₹73,17,83,800 (Rupees Seventy Three Crore Seventeen Lakh Eighty Three Thousand Eight Hundred) will be made in accordance with the terms of the Securities Subscription Agreement and Joint Venture Agreement.
Transaction Terms
There is no change in the terms of the transaction from the earlier intimation dated September 7, 2026 regarding the execution of the Securities Subscription Agreement and Joint Venture Agreement with Rays Power Infra Limited and Rays Green Energy Manufacturing Private Limited.