Wheels India Ltd invested ₹3.43 crore to acquire 343,245 equity shares in Emerge Solar One Private Limited.
The investment provides a 32.65% stake in a 13.864 MWp DC solar power project for captive consumption.
The acquisition was completed on April 30, 2026, and requires TANGEDCO regulatory approval.
This is a related-party-transaction-free investment to secure solar power under a captive generation scheme.