Isgec: 26 percent stake acquisition in FPEL HR1 Energy delayed by 30 days
ISGEC · price
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On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 1.1 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Isgec Heavy Engineering had earlier announced acquiring 26 percent equity stake in FPEL HR1 Energy Private Limited through a Solar Power Purchase Agreement signed on October 6, 2025. The acquisition, originally expected to complete within 60 days, has been delayed due to procedural formalities still in progress at FPELs end. The company now expects to complete the acquisition, that is share allotment by FPEL, within an additional 30 days. FPEL is linked to a solar power project.
Minor procedural delay in stake acquisition. Completion now expected within 30 more days. Watch for further update on closing.