Chemfab Alkalis Ltd Invests Rs 14.90 Crore in Zenataris Renewable Energy for Lower Tariff Benefits
Chemfab Alkalis Ltd has completed an investment of Rs 14,90,99,985.30 in Zenataris Renewable Energy Private Limited. The investment, which occurred on May 19, 2026, involves the subscription of 3.35% equity shares of the renewable power company.The transaction utilizes a group captive mechanism and is anticipated to result in a lower tariff and subsequent cost savings for Chemfab Alkalis Ltd.
Zenataris Renewable Energy Private Limited specializes in developing, building, and managing a portfolio of solar and wind power assets. The company was incorporated on October 8, 2018, and operates within the Renewable Power sector.
The investment details confirm that the acquisition does not qualify as a related party transaction. The total consideration for the stake was paid in cash.
| Detail | Value |
|---|---|
| Investor | Chemfab Alkalis Ltd |
| Target Entity | Zenataris Renewable Energy Private Limited |
| Investment Amount | Rs 14,90,99,985.30 (Rupees Fourteen Crore Ninety Lakhs Ninety-Nine Thousand Nine Hundred Eighty-Five and Thirty Paisa Only) |
| Investment Date | May 19, 2026 |
| Shares Acquired | 3.35% of equity shares |
| Face Value per Share | Rs 66.10 |
| Sector | Renewable Power |
This strategic investment reinforces the company's focus on sustainable energy sources through the group captive mechanism, aiming to optimize operational costs by securing power at a lower tariff.
CHEMFAB Stock Price Movement
As of 1:18 PM, Chemfab Alkalis Limited shares are dropping by 1.67% in live trading, slipping ₹6.85 to reach ₹403. Trading continues with a volume of 934 shares transacted, providing insight into the day's momentum within the chemicals sector.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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