Premier Energies Limited has informed the Exchange about Acquisition

Listed Co AcquisitionStrategic Transactions View source PDF

PREMIERENE · price

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AI summary

Premier Energies' wholly-owned subsidiary, Premier Energies Global Environment Private Limited, has entered into a Share Subscription and Shareholders' Agreement to acquire a minimum 26% stake in Hexa Energy BH Five Private Limited for INR 68.70 crore. Hexa Energy BH Five is a renewable energy company focused on generation and transmission, incorporated in April 2025 with a paid-up capital of INR 2 lakh. The acquisition aims to secure captive power supply for the subsidiary's Solar PV Cell Manufacturing Project at Naidupeta, Andhra Pradesh. The deal is expected to complete within 16 months, subject to standard closing conditions. The transaction is not a related party deal and involves cash consideration.

Likely market impact

This acquisition strengthens Premier Energies' vertical integration by securing captive power for its solar manufacturing operations, reducing energy costs and supply chain risks. The INR 68.70 crore investment for a 26% stake values the SPV at approximately INR 264 crore, indicating significant value placement on the renewable energy asset.