Dalmia Bharat Limited Acquires 26% Stake in Ventora Energy Private Limited
Dalmia Cement (Bharat) Limited, a wholly-owned subsidiary of Dalmia Bharat Limited, has entered into agreements to acquire a 26% stake in Ventora Energy Private Limited, an SPV of Ultra Mega Power Private Limited. The acquisition, finalized on March 20, 2026, involves a cash consideration of Rs. 4.42 crore.The acquisition is intended to enhance Dalmia Bharat’s renewable power supply and support the group’s commitment to RE 100 by 2030 and a carbon-negative status by 2040. The wind power acquired will qualify as captive consumer under the Electricity Act/ Rules.
The acquisition is subject to customary conditions precedent and is expected to be completed within three months.
Ventora Energy Private Limited, incorporated in December 2025, is based in Haryana and operates in India as a Special Purpose Vehicle for setting up a wind power project in Tamil Nadu. The company had no turnover for the last three years as it was incorporated in FY 2025-26.
The total consideration involves 44,22,600 equity shares with a face value of Rs. 10/- each, acquired at par, for a total of Rs. 4,42,26,000. The acquisition does not constitute a related party transaction and the promoter/ promoter group companies have no interest in the acquired entity.
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| Country | India |
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