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Reliance to acquire full stake in 2 solar SPVs from MSEB Solar Agro Power

Reliance to acquire full stake in 2 solar SPVs from MSEB Solar Agro Power

The acquisition is expected to be completed by end of April 2024.

Business Today Desk
Business Today Desk
  • Updated Mar 22, 2024 7:36 PM IST
Reliance to acquire full stake in 2 solar SPVs from MSEB Solar Agro PowerReliance Industries

Reliance Industries will buy 100% stake in MSKVY Nineteenth Solar SPV and MSKVY Twenty-Second Solar SPV from MSEB Solar Agro Power.

The deal is in accordance with the terms of the tender awarded to the company for setting up of aggregate solar capacity of 128 MW across various sites in Maharashtra under the Mukhyamantri Saur Krushi Vahini Yojana 2.0, the company said in an exchange filing.

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The acquisition is expected to be completed by end of April 2024.

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Business Today Desk
Business Today Desk

Business Today brings you the latest news, views and analysis from the world of finance, economy, markets, corporates, startups, tech, and the digital economy. You can find everything from breaking news to deep dives to immersive essays and more on a variety of subjects across all formats - online, magazine, television, data visualisation, et al.

Published on: Mar 22, 2024 7:34 PM IST