Nitin Spinners Limited Acquires Stake in CGE ll Hybrid Energy Private Limited
Nitin Spinners Limited announced on March 27, 2026, that its Investment Committee approved the execution of a Power Supply Agreement and Share Purchase Agreement with CGE ll Hybrid Energy Private Limited.The acquisition, which does not constitute a related party transaction, involves the purchase of 6.66% equity shares in CGE ll Hybrid Energy Private Limited. The total cost of acquisition amounts to Rs.95202020, with a value of Rs.10 per share. Payment will be made through an online banking system.CGE ll Hybrid Energy Private Limited was incorporated on December 2, 2021, and is a subsidiary of Continuum Green Energy Limited. The company is engaged in power...