Sandhar Technologies to take 26 percent stake in solar SPV with Hero Rooftop Energy
SANDHAR · price
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Sandhar Technologies will subscribe to a minimum 26 percent stake in Clean Renewable Energy HR 1B Private Limited, an SPV, through a Share Subscription and Shareholders Agreement with Hero Rooftop Energy. Cash consideration is INR 162.52 Lakhs. The SPV was incorporated in June 2025, has nil turnover so far, and operates in the renewable energy sector. Sandhar says the investment will help it access solar power, cut energy costs, and meet customer demand for sustainable practices. Not a related party deal. Completion expected within 2 months. The move is outside Sandhar's core auto components business.
Small investment of about 1.6 crore rupees but signals Sandhar's push into renewable energy to lower costs and meet sustainability goals.