Announced Thu, 17 Sept · 17:48 IST
BSL Ltd acquires 26 percent stake in Bhadla Minigrid Solar 5 SPV for Rs 2.35 Crore
BSL · price
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Price reaction · full curve 14 horizons · vs prior close
+5.9%1-day move
₹118.99
prior close
₹116.80
base price
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AI summary
BSL Ltd will acquire 26 percent stake (23.5 lakh equity shares at Rs 10 each) in Bhadla Minigrid Solar 5 Private Limited for Rs 2.35 Crore in cash. The target is a newly incorporated SPV for a 4.4 MW AC solar captive power plant at Setrawa, Jodhpur, Rajasthan. The acquisition aims to augment captive renewable energy capacity for BSL's Mandpam, Bhilwara textile plants. Deal is not a related party transaction and is expected to complete in 4 months.
Likely market impact
Minor renewable energy investment for captive power use at BSL's textile plants. Signals push toward sustainable and green operations.