Kalyani Steels Completes 8.64% Stake Acquisition in Clean Renewable Energy KK 1A
Kalyani Steels Limited has successfully completed the acquisition of equity shares in Clean Renewable Energy KK 1A Private Limited ("Clean Renewable"), a special purpose vehicle (SPV) of Hero Rooftop ...
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Why is Kalyani Steels Limited in the news today?
Kalyani Steels Limited (KSL) is in the news due to the acquisition of a stake in a renewable energy spv is a positive development for kalyani steels, indicating strategic investment and expansion into new sectors.
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Kalyani Steels Completes 8.64% Stake Acquisition in Clean Renewable Energy KK 1A
December 30, 2025, 10:47 AM
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Kalyani Steels Limited has successfully completed the acquisition of equity shares in Clean Renewable Energy KK 1A Private Limited ("Clean Renewable"), a special purpose vehicle (SPV) of Hero Rooftop Energy Private Limited. This acquisition, announced earlier on December 25, 2025, involved the purchase of 1,857,223 equity shares of Rs.10/- each, at a premium of Rs.17.94/- per share.
This transaction represents 8.64% of the paid-up equity capital of Clean Renewable Energy KK 1A Private Limited. The company has finalized the acquisition as per the terms outlined.
This move signifies Kalyani Steels' strategic investment in the renewable energy sector through its SPV.
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