Announced Tue, 30 Jun · 19:52 IST
RDB inks shareholder deal for solar cell plant in Chhattisgarh
Price
▲ 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
-5.4%1-day move
₹19.87
prior close
₹19.94
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.4———-5.4-3.9-0.4+0.7-3.9-0.9-29.5———
Up moveDown movePending
AI summary
RDB Infrastructure has signed a Shareholders Agreement dated 24 June 2026 with Maxim Industries and other shareholders to set up a solar cell manufacturing plant in Chhattisgarh. RDB currently holds 29 percent equity in Maxim and will increase its stake to 42.50 percent upon achieving certain milestones. RDB gets the right to appoint directors equal in number to Shank Investments. The Maxim board will have one nominee director each from all three parties.
Likely market impact
Strategic move into solar cell manufacturing. RDB to raise its Maxim stake to 42.50 percent on milestones, expanding into clean energy.