KPI Green's subsidiary Sun Drops to acquire 100 percent of DMGEL for Rs 55.80 Cr
KPIGREEN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 2.3 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Subsidiary Sun Drops Energia will acquire up to 100 percent of DMGEL at Rs 55.80 Cr (Rs 32.66 per share), paid via 15.89 lakh CCPS of Sun Drops. DMGEL does solar EPC and project development with FY26 turnover of Rs 213.98 Cr. Upon 50 percent acquisition, DMGEL becomes step-down subsidiary of KPI Green. Related party angle exists as promoter Dr. Faruk Patel holds 8.95 percent in DMGEL. Expected closure by Sept 30, 2026.
Expands renewable energy portfolio via subsidiary. Share-swap deal dilutes Sun Drops but boosts asset base. Watch integration and related party fairness.