Aurobindo Pharma to Complete Stake Acquisition in Swarnaakshu Solar Power Private Limited by June 30, 2026
Aurobindo Pharma Ltd. announced an update regarding its solar power purchase agreement and acquisition of a stake in Swarnaakshu Solar Power Private Limited. The company had previously indicated intentions to complete these initiatives by March 31, 2026.The investment for acquiring up to 26% in Swarnaakshu will now be completed on or before June 30, 2026. This timeline is contingent on receiving approval from the concerned state government for setting up a captive solar power plant. The company had previously informed stakeholders about this initiative through letters dated February 6, 2025, March 28, 2025, June 30, 2025, September 26, 2025, and December 30, 2025.
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