Announced Mon, 21 Sept, 2026 · 17:30 IST
Board approves up to 69% stake in Shekhawati New Energy LLP
SHEKHAWATI · price
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Price reaction · full curve 14 horizons · vs prior close
+10.2%1-day move
₹22.55
prior close
₹23.67
base price
After-mkt
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+0.0-0.7+0.0+0.0+10.2+15.7+21.5+27.5+33.8+33.5————
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AI summary
Board approved subscribing as Designated Partner in proposed Shekhawati New Energy LLP with up to 69% stake via cash investment. The new LLP will focus on Mega Solar and Green Energy, developing solar and other sustainable energy projects. Transaction is a related party deal since directors are common to both entities, done at arms length. Investment will be made post incorporation of the LLP. No regulatory approvals needed.
Likely market impact
Major diversification into solar and green energy. Related party transaction with common directors, so investor scrutiny advised. Watch for project milestones.