Announced Mon, 5 Oct, 2026 · 10:39 IST
Vardhman Textiles to acquire 26% stake in Serentica Renewables India 32
VTL · price
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Price reaction · full curve 14 horizons · vs prior close
+3.8%1-day move
₹530.00
prior close
₹533.00
base price
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AI summary
Vardhman Textiles will acquire a minimum 26% stake in Serentica Renewables India 32 Pvt Ltd for Rs 41.85 Crore. The SPV will build a 40 MW wind plant in Karnataka and a 400 MWp/30 MW solar plant in Rajasthan to supply 27 MW of hybrid power to Vardhman's facilities in Himachal Pradesh. The move helps meet captive power norms. Serentica Renewables India will hold up to 74%.
Likely market impact
Strategic push into renewable energy for captive power use. May lower long-term power costs and support ESG goals. Equity investment of Rs 41.85 Crore.