Aurobindo Pharma to acquire 26% stake in Swarnaakshu Solar by March 31, 2026
Aurobindo Pharma Limited has provided an update regarding its acquisition of up to a 26% stake in Swarnaakshu Solar Power Private Limited and the execution of a captive solar power purchase agreement....
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Why is Aurobindo Pharma Limited in the news today?
Aurobindo Pharma Limited (AUROPHARMA) is in the news due to the announcement is an update on a previously disclosed plan, indicating a delay due to regulatory approval rather than a change in the fundamental plan or outcome. the sentiment is neutral as the core acquisition is still proceeding, albeit with a revised timeline.
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Aurobindo Pharma to acquire 26% stake in Swarnaakshu Solar by March 31, 2026
December 30, 2025, 05:53 AM
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Aurobindo Pharma Limited has provided an update regarding its acquisition of up to a 26% stake in Swarnaakshu Solar Power Private Limited and the execution of a captive solar power purchase agreement. Previously informed on February 6, March 28, June 30, and September 26, 2025, the company had indicated a target completion by December 31, 2025.
However, due to pending state government approval for the establishment of a captive solar power plant, the completion of the required investment for the 26% stake acquisition in Swarnaakshu is now expected on or before March 31, 2026. This timeline remains contingent upon receiving the necessary approval from the concerned state government.
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