Australian Premium Solar Acquires Full Stake in Aplus Solar Cell Limited, Achieving 100% Ownership
Australian Premium Solar (India) Limited has completed the acquisition of its remaining equity stake in Aplus Solar Cell Limited, thereby increasing its shareholding from 51% to 100%. This transaction makes Aplus Solar Cell Limited a wholly-owned subsidiary of Australian Premium Solar.The full acquisition signifies a strategic step for the parent company, which stated that the venture is aligned with its core business objectives and will lead to further expansion of its operations within the solar industry. The target entity, Aplus Solar Cell Limited, operates in the solar industry, primarily manufacturing cells and batteries. These products include primary batteries, rechargeable batteries, and cells containing manganese oxide, mercuric oxide, or silver oxide.
Financial and Operational Details of Subsidiary Acquisition
The acquisition was finalized using a cash consideration. The cost of acquisition was reported as Rs. 99,990, which represents a contribution toward the total paid up capital of Aplus Solar Cell Limited, which stands at Rs. 2,04,100.Key details regarding Aplus Solar Cell Limited and the transaction are presented below:
| Particulars | Details |
|---|---|
| Entity | Aplus Solar Cell Limited (Solar Industry) |
| Authorized Share Capital | Rs. 5,00,00,000 (50,00,000 Equity Shares of Face value Rs. 10 each) |
| Paid up Share Capital | Rs. 2,04,100 (20,410 Equity Shares of Face value Rs. 10 each) |
| Turnover (FY 2025-26) | INR 1,06,40,973/- |
| Nature of Consideration | Cash consideration |
| Cost of Acquisition | Rs. 99,990 |
The transaction was carried out on an arm's length basis, with the Promoter transferring their shareholding to the company to ensure Aplus Solar Cell Limited functions as a wholly-owned subsidiary.
APS Stock Price Movement
Shares of Australian Premium Solar (India) Limited slipped by 0.47% on Thursday, settling at ₹293.30 after closing down ₹1.40 from the previous day's close. The stock traded within a range defined by a low of ₹291.15 and a high of ₹302.05, with 23,750 shares transacted during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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