Motherson completes acquisition of Onega Solar via subsidiary MNEL
MOTHERSON · price
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Motherson completed the acquisition of Onega Solar Private Limited (OSPL-SPV) through wholly owned subsidiary Motherson New Energy Limited. OSPL-SPV is a special purpose vehicle for a 15 MWp captive solar project in Uttar Pradesh. Motherson now holds 100 percent ownership via equity shares and compulsorily convertible debentures. Completion happened on December 24, 2025 after conditions precedent were met. OSPL-SPV is now an indirect subsidiary. The deal supports sustainability goals and long-term cost efficiencies.
Small bolt-on acquisition aligned with green energy goals. Likely limited immediate financial impact but supports long-term cost savings and ESG positioning.