19-Oct-2026 19:05:45
TRANSRAILLAcquisition and merger
TRANSRAIL : ACQUIRES 49% STAKE IN NOPL PACE GREEN ENERGY FOR RS 20 CR
• Board approved acquisition of 49% equity stake in NOPL Pace Green Energy for cash consideration up to ₹20 Cr • Onix Renewables will hold 51%; target will become an associate of Transrail post completion • Target is developing ~990 MW (AC) solar portfolio in Maharashtra under PM-KUSUM with project cost of ~₹3,900 Cr • Portfolio has 25-year PPA with MSEDCL at ₹3.10/unit and project debt sanctioned by a financial institution • Transrail has flexibility to increase shareholding potentially up to 100%, subject to mutually agreed terms and approvals • Completion within 180 days from target board approval, subject to customary conditions and lender consent
Transrail Lighting Limited
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