Please find enclosed herewith intimation regarding investment in Renew Green (MPR Four) Private Limited.

Listed Co AcquisitionMarquee Jv AnnouncedStrategic Transactions View source PDF

VTL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+6.0%1-day move

₹580.00

prior close

₹605.90

base price

After-mkt

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AI summary

Vardhman Textiles has invested Rs. 24.46 crore by subscribing to 4,64,926 equity shares of Renew Green (MPR Four) Private Limited at Rs. 10 each. This acquisition gives Vardhman a 31.2% equity stake in the company. The investment is part of a joint venture to set up a 19 MW AC Wind Solar Hybrid Power Plant (26.4 MW wind + 15 MW solar capacity) in District Ratlam, Madhya Pradesh. The company had previously executed a Share Subscription and Shareholder Agreement with Renew Green Energy Solutions Private Limited along with a Captive Power Purchase Agreement.

Likely market impact

This strategic investment in renewable energy aligns with sustainability goals and may provide captive power benefits to Vardhman's textile operations, though the 31.2% stake represents a minority position without full control.