Emmvee Photovoltaic Power Limited announced that its wholly-owned subsidiary, Emmvee Energy Private Limited, will invest up to ₹8.544 crore in the equity shares of Clean Renewable Energy KK 1C Private Limited. This investment is part of the Group Captive and Open Access Power Purchase Framework, aiming for cost-effective renewable energy procurement. Clean Renewable Energy KK 1C Private Limited is a Project Special Purpose Vehicle (SPV) incorporated on August 5, 2024, for a 175 MW hybrid project in Karnataka. The company has a paid-up share capital of ₹18.39 crore and reported nil turnover for FY 2024-25. Emmvee Photovoltaic Power will acquire a 14.35% stake in the target entity through this cash consideration. The acquisition is expected to be completed within one month, or such other extended time as may be agreed upon by the parties. The company has confirmed that this transaction does not fall within related party transactions, and the promoter/promoter group/group companies have no interest in the entity being acquired.