Hyundai Motor India Limited has informed the Exchange regarding 'Intimation of Acquisition under Regulation 30 read with Schedule III of SEBI (ListingObligations and Disclosure Requirements) Regulations, 2015'.
HYUNDAI · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hyundai Motor India has made its first tranche payment of Rs. 16.58 crores towards acquiring a 26.13% stake in FPEL TN Wind Farm Private Limited, a wind energy company. The company received 23,62,638 equity shares via private placement on 6th June 2025. This follows an earlier agreement signed in November 2024 to invest a total of Rs. 38.05 crores for a minimum 26% stake in the wind farm entity. The remaining investment will likely be made in subsequent tranches. FPEL TN Wind Farm is part of the Fourth Partner Energy group, which specialises in renewable energy projects.
This is a strategic move into renewable energy, likely to power Hyundai's manufacturing operations with clean energy and meet sustainability goals. The financial impact is modest given the relatively small size of the investment compared to Hyundai's overall scale, but it signals the company's commitment to green energy adoption.