Pursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Company has made investments aggregating Rs. 250,75,46,600/- ....
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Insolation Energy Ltd has invested approximately Rs. 250.75 crore in its wholly owned subsidiary, Insolation Green Energy Private Limited (IGEPL), by subscribing to 8,08,886 equity shares at Rs. 3,100 per share (including a premium of Rs. 3,090) through a rights issue. IGEPL is engaged in manufacturing solar PV modules and has shown explosive growth, with turnover rising from Rs. 25.71 crore in FY23 to Rs. 507.88 crore in FY24 — roughly a 20x jump. The investment is funded from proceeds of a preferential equity issue approved by shareholders at an EGM on November 13, 2024. There is no change in shareholding, as IGEPL continues to remain a 100% wholly owned subsidiary.
This is an internal capital deployment into a fast-growing solar manufacturing arm rather than a new acquisition, so ownership structure stays unchanged. For shareholders, the positive takeaway is that the subsidiary's revenue is scaling rapidly, and the parent is channeling freshly raised capital to support that growth. Near-term stock impact is likely neutral, but it strengthens the long-term solar manufacturing story.