Announcement U/R 30 of SEBI (LODR) Regulations, 2015 - Update on Acquisition of Equity Shares
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Kalyani Steels Limited has completed the acquisition of 1,034,453 equity shares in Clean Renewable Energy KK 1B Private Limited, an SPV of Hero Rooftop Energy Private Limited. The shares were acquired at Rs. 10 face value with a premium of Rs. 18.37 per share, representing a 4.85% stake in Clean Renewable's paid-up equity capital. This is an update to the company's earlier intimation dated March 27, 2026, regarding the proposed acquisition. The acquisition marks Kalyani Steels' entry into the clean/rooftop renewable energy space through a Hero Group platform.
This is a small, minority acquisition (under 5%) and is unlikely to move the stock significantly on its own, but it signals Kalyani Steels' diversification into the clean energy sector via a reputed partner (Hero Group), which could be viewed positively by long-term investors looking for green energy exposure.