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Uno Minda to Invest ₹6.50 Crore in SPV for Renewable Power Sourcing
UNO Minda Limited
January 19, 2026, 05:44 AM
Uno Minda and its subsidiary UMKL will invest a total of ₹6.50 crore in SPV Hexa Sunshine Private Limited. Uno Minda will contribute ₹5.25 crore and UMKL ₹1.25 crore. This investment is for sourcing renewable power (wind and solar) for their Gujarat units. The investment is expected by Q3 2026-27.
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Uno Minda Limited, through its Mergers & Acquisitions Committee, has approved an investment of up to ₹6.50 crores in M/s. Hexa Sunshine Private Limited, a Special Purpose Vehicle (SPV). The investment will be made in one or more tranches, with Uno Minda contributing ₹5.25 crores and its subsidiary, Uno Minda Kyoraku Ltd. (UMKL), contributing ₹1.25 crores.
The SPV is established for sourcing power through wind and solar energy for the company's and UMKL's units located in Gujarat. This strategic move aims to increase the share of renewable energy in their power consumption.
The Mergers & Acquisitions Committee meeting was held on January 19, 2026, commencing at 10:30 A.M. and concluding at 11:00 A.M. The investment is expected to be completed by Q3 2026-27. Hexa Sunshine Private Limited was incorporated on April 16, 2024, and reported NIL turnover for FY 2024-25. Uno Minda will acquire up to 30% equity in the SPV based on the proportionate capacity allocated.
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