Announced Mon, 5 Oct, 2026 · 17:24 IST
Sangam acquires 0.97% stake in CGE II Hybrid Energy for captive power
SANGAMIND · price
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Price reaction · full curve 14 horizons · vs prior close
-2.6%1-day move
₹639.45
prior close
₹638.00
base price
After-mkt
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AI summary
Sangam (India) Ltd acquired approximately 0.97% equity stake in CGE II Hybrid Energy Private Limited for Rs 4.76 crore in cash (47,60,101 shares at Rs 10 each). The deal aims to secure up to 5 MW of captive renewable energy for its manufacturing plants in Bhilwara, Rajasthan. CGE II is a subsidiary of Continuum Green Energy, focused on wind-solar hybrid power. Not a related party transaction. Completed on 5 October 2026.
Likely market impact
Small stake aimed at captive renewable energy; positive for long-term power cost savings but minimal financial impact.