Minda Corp acquires 26% stake in solar energy firm Agganga for Rs 112.2L
MINDACORP · price
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Minda Corporation has signed a Share Subscription Agreement to acquire 26% equity stake in Agganga Energy, a renewable energy firm focused on solar photovoltaic power. The cash deal is worth up to Rs 112.20 lakhs and is expected to close in about 6 months. The transaction is not a related party deal. Agganga was incorporated in 2025 and reported nil revenue in FY26. The acquisition is aimed at reducing Minda power costs by switching to solar and wind energy.
Minor, strategic acquisition to cut power costs via solar and wind energy. Small cash outlay of Rs 112.2L for 26% stake in a startup with nil revenue.