31-Oct-2026 17:23:45
SOLARWORLDAcquisition and merger
SOLARWORLD : PAYS RS 26.82 CR FIRST TRANCHE FOR 50% STAKE IN RAYS GREEN JV
• Paid ₹26.82 Cr to Rays Green on October 30, 2026 as first tranche of equity subscription • Rays Green allotted 12,600 equity shares of face value ₹10 each at ₹21,287 per share, including premium of ₹21,277 per share • Post-allotment, Solarworld holds 50% of Rays Green's paid-up equity share capital; Rays Power holds the remaining 50% • Balance equity subscription of up to ₹73.18 Cr to be made as per SSA and JVA terms • No change in transaction terms disclosed in the September 7, 2026 intimation
Solarworld Energy Solutions Ltd
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