ISGEC Completes Acquisition of 26% Equity in FPEL HR1 Energy Private Limited
Isgec Heavy Engineering Limited has announced the completion of its acquisition of 26% equity share capital in FPEL HR1 Energy Private Limited. This follows earlier intimations dated October 06, 2025,...
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Why is Isgec Heavy Engineering Limited in the news today?
Isgec Heavy Engineering Limited (ISGEC) is in the news due to the completion of an acquisition is generally a positive development for a company, indicating strategic growth and expansion.
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ISGEC Completes Acquisition of 26% Equity in FPEL HR1 Energy Private Limited
December 17, 2025, 05:06 PM
Isgec Heavy Engineering Limited has announced the completion of its acquisition of 26% equity share capital in FPEL HR1 Energy Private Limited. This follows earlier intimations dated October 06, 2025, and December 04, 2025, concerning the execution of the Solar Power Purchase Agreement and the Share Subscription and Shareholders' Agreement.
The company received an intimation of equity share allotment on December 17, 2025, confirming the successful acquisition. This update is being uploaded to the company's website, www.isgec.com.
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