Announced Tue, 14 Jul · 12:23 IST
Nandan Denim acquires 6.1% stake in Opera Vayu SPV for Rs 4 crore
NDL · price
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Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹2.40
prior close
₹2.37
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0—+0.0-0.8+0.8-1.3-1.7-1.3-2.9————
Up moveDown movePending
AI summary
Following its April 2026 intimation, Nandan Denim has entered a Share Transfer cum Shareholders' Agreement with Opera Vayu (Narmada) Private Limited and Shivman Wind Energy. The company acquired 40,02,096 equity shares (6.1%) of the SPV for Rs 4,00,20,960 (about Rs 4 crore) on July 13, 2026. The move is aimed at securing wind and solar power under the captive power route for its denim manufacturing operations.
Likely market impact
Small strategic stake to secure captive wind and solar power. May lower long-term energy costs but is too small to move the needle financially.