Binding Term Sheet to acquire 6.3 MW solar SPV Arankam Green Energy for Rs 90L

Listed Co AcquisitionStrategic Transactions View source PDF

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-1.5%1-day move

₹40.25

prior close

₹40.69

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0-0.5-0.5-2.9-1.5-4.3-8.8-13.3-17.7-25.7-32.0-30.4-43.1-63.9

Up moveDown movePending

AI summary

RDB Infrastructure & Power has signed a Binding Term Sheet to acquire 100% of M/s Arankam Green Energy Solution for Rs. 90 Lakhs in cash. The target operates a 6.3 MW Solar Plant in Saharanpur, UP, and holds a Power Purchase Agreement with UPPCL and a Letter of Award from UPNEDA. The firm, incorporated in April 2025, is an SPV for solar power projects with no turnover history. Acquisition to complete within 90 days post definitive agreements. Marks RDB's entry into the renewable/green energy sector.

Likely market impact

Small Rs 90L cash deal; 100% stake in 6.3 MW solar SPV with UPPCL PPA. Strategic diversification into renewable energy, minimal immediate financial impact.