DCM Nouvelle Limited has informed the Exchange about Acquisition
DCMNVL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
DCM Nouvelle Limited's Board has given in-principle approval to invest in a Special Purpose Vehicle called 'AMPIN C&I Power Three Private Limited' for the supply of solar power for captive use. The initial investment is Rs. 26,000 for 2,600 equity shares at Rs. 10 each, giving DCM Nouvelle a 26% stake in the proposed paid-up share capital. The transaction is in cash, not a related party deal, and promoters have no interest in the entity. The SPV belongs to the solar energy generation and transmission industry, and the deal is expected to be completed within one month. Further investment will follow once the final terms are agreed between DCM Nouvelle and AMPIN C&I Power Private Limited.
This is a small initial investment aimed at optimizing the company's energy costs through captive solar power. The financial impact is minimal at this stage, but it signals DCM Nouvelle's move toward renewable energy for its own operations, which could reduce long-term power expenses.