Servotech Renewable Power System Limited has informed the Exchange about General Updates
SERVOTECH · price
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Servotech Renewable Power System Limited has executed a Share Purchase Agreement on 20th June 2025 to acquire a 27% stake in Rhine Solar Limited, a company in the solar energy business. The deal involves buying 9,50,106 shares at Rs 127.88 per share, totaling about Rs 12.15 crore in cash. The acquisition is aimed at strengthening Servotech's backward integration in the solar business. Rhine Solar's turnover grew from Rs 43.77 crore (FY22) to Rs 82.41 crore (FY25 provisional). The transaction is expected to complete within 90 days, and no related party or regulatory approvals are involved.
This is a strategic acquisition that should help Servotech integrate its solar supply chain and potentially improve margins. The deal size of ~Rs 12.15 crore is moderate relative to Servotech's scale, and the growing turnover of Rhine Solar suggests a positive operational fit. Shareholders may view this as a positive long-term move, though near-term stock reaction depends on market sentiment.