Announced Sat, 19 Sept, 2026 · 16:47 IST
Jhaveri Credits to acquire 51% in U R Energy Solar, rebrand as U R Energy India
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-6.4%1-day move
₹204.00
prior close
₹205.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.0+0.0+0.0-6.4-1.0-1.0-4.8-2.5-2.5————
Up moveDown movePending
AI summary
Board approved three things: (1) acquiring 51 percent stake in U R Energy Solar Pvt Ltd for Rs 51,000 cash, making it a subsidiary; (2) changing company name to U R Energy (India) Limited; and (3) altering the main object to focus on solar panels, inverters, battery storage, and renewable energy EPC. The target had zero turnover in the last 3 years and negative net worth of Rs 81,000. All changes need shareholder and regulatory approvals.
Likely market impact
Company pivoting fully to solar and renewable energy. Token acquisition but signals a major strategic shift in business direction.