Acquisition of Additional Stake in Advait Greenergy Private Limited resulting to holding upto 68.99%
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Advait Energy Transitions Ltd has acquired an additional 14,820 equity shares in its subsidiary, Advait Greenergy Private Limited, on September 29, 2025, for a cash consideration of approximately Rs 41.81 crore through a private placement. Post-acquisition, the company's stake in the subsidiary rises to 68.99%. Advait Greenergy operates in the New and Renewable Energy sector and has shown strong revenue growth, with turnover rising from Rs 2.44 crore in FY24 to Rs 102.80 crore in FY25. The transaction is classified as a related party transaction but was carried out at arm's length, and is expected to be completed by November 5, 2025.
For shareholders, this signals the company's commitment to strengthening its presence in the fast-growing renewable energy segment through its high-growth subsidiary. The subsidiary's turnover jumped over 40x year-on-year, suggesting significant business momentum, though the Rs 41.81 crore cash outflow may have a short-term impact on liquidity.