STANDARD ENGINEERING TECHNOLOGY LIMITED : ACQUISITION OF UP TO 51% EQUITY STAKE IN GSCALE ENERGY PRIVATE LIMITED

• Standard Engineering Technology Limited (SETL) is acquiring up to 51% equity stake in GScale Energy Private Limited. • The proposed acquisition is part of a phased investment programme with a total committed investment of ₹487 Cr. • Phase 1 involves acquiring the 51% stake for ₹190 Cr, including a ₹65 Cr share-swap component. • The remaining consideration will be infused as primary capital, with the balance deployed as growth capital. • The investment aims to combine SETL's manufacturing capabilities with GScale Energy's expertise in the AI Datacenter infrastructure sector.

Standard Engineering Technology Limited

Open attachment

← Back to feed