Aditya Birla Acquisition of 26% Equity Share Capital of VEH Radiant Energy
Acquisition of 26% equity share capital of M/s VEH Radiant Energy Private Limited
26% equity share capital of VEH Radiant Energy
The proposed acquisition is not a related party transaction and the promoter / promoter group companies have no interest in the proposed acquisition.
Generation and transmission of renewable energy (wind power).
To meet green energy needs; optimise energy costs and comply with regulatory requirements for captive power consumption under electricity laws. Within 180 days from the execution of Energy Offtake Agreement and Share Subscription & Shareholders’ Agreement.
Cost of acquisition or the price at which shares are acquired Not exceeding Rs 15,10,00,000.
VEH Radiant is a company registered under the Companies Act, 2013, having registered office at 9th Floor, My Home Twitza, Plot No 30/A, TSIIC Hyderabad Knowledge City, Raidurg, Hyderabad, Telangana, for setting up 21.6 MW wind power project, on a captive basis, at Kasar Sirsi Village, Taluka: Nilanga,
District: Latur, Maharashtra
