Announced Tue, 7 Jul · 20:08 IST

Transfer of 26% partnership interest in Clean Max Pluto Solar Power LLP from Cargill

Listed Co AcquisitionStrategic Transactions View source PDF

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-0.8%1-day move
₹718.95
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AI summary

Riddhi Siddhi Gluco Biols has completed the transfer of a 26% partnership interest in Clean Max Pluto Solar Power LLP from Cargill India Private Limited on 7 July 2026. The LLP operates a 25.30 MW wind and solar power plant. This is part of the Asset Purchase Agreement dated 19 January 2026 for acquiring identified assets of Cargill's manufacturing facility at Davangere, Karnataka. The partnership interest enables the company to qualify as a captive power user and secure long-term cost-competitive renewable energy for the proposed Davangere facility.

Likely market impact

Secures captive renewable power for the new Davangere manufacturing facility, supporting long-term cost competitiveness.