Announced Mon, 29 Jun · 19:16 IST
Starlineps to acquire 50% stake in Celloraa Energy for Rs 160 Crore
Price
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Price reaction · full curve 14 horizons · vs prior close
+7.1%1-day move
₹10.63
prior close
₹11.16
base price
After-mkt
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+0.0+0.0+0.0+0.0+7.1+5.2+4.7+2.4+0.8+0.4-0.8———
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AI summary
Starlineps Enterprises board approved acquiring 50% equity stake in Celloraa Energy Private Limited for Rs 160 Crore via cash, at Rs 64,000 per share. Celloraa is setting up a 1.2 GW solar cell manufacturing facility using German technology and plans to expand to 2.4 GW. The target was incorporated in February 2026 and has NIL turnover so far. Deal is subject to shareholder and regulatory approvals, expected to complete within 12 months.
Likely market impact
Diversification into solar cell manufacturing with a large cash outlay. Target is pre-revenue with execution risk and needs shareholder approval.