Announced Wed, 29 Jul, 2026 · 21:55 IST
Acquires 70% in JMRCLEAN Energy via share swap; preferential allotments approved
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
Board approved acquiring 70% stake in JMRCLEAN Energy (Hyderabad-based renewable energy EPC firm with Rs 1,550 crore order book) via share swap worth Rs 7.38 crore. Also allotted 73.78 lakh shares (share swap), 79.73 lakh shares for cash, and 91 lakh convertible warrants at Rs 10 each.
Likely market impact
Share dilution from multiple allotments; renewable energy entry with Rs 1,550 crore order book may drive future revenue.