Sahyadri Industries gets nod to acquire 26% stake in ESOPL
The said transaction is to be completed on or before September 30, 2026
Sahyadri Industries has received approval to acquire 26% equity share capital of Emerge Solar One (ESOPL). The cost of the said acquisition is Rs 1.30 crore. The said transaction is to be completed on or before September 30, 2026. The board of directors of the company at its meeting held on April 04, 2026, has approved the same.
The main object of company in undertaking this acquisition is purchase of solar power from ESOPL under the group captive scheme as per the Electricity Act, 2003 and applicable rules thereunder.
Sahyadri Industries is engaged in the manufacture of corrugated sheets required for roofing purpose and also the various accessories required for roofing purpose.
