EIH Ltd. Invests ₹26.66 Crore in TP Varun Limited
EIH Ltd. announced an investment of ₹26.66 crore in TP Varun Limited on April 2, 2026. The investment, representing 26% of the paid-up capital, aligns with requirements of India’s Electricity Act, 2003 and Electricity Rules, 2005.TP Varun Limited, incorporated on July 20, 2023, is focused on setting up ground-mounted solar photovoltaic power projects in India. The company has reported zero turnover for the last two financial years.
The acquisition, completed on April 1, 2026, was made for a cash consideration. EIH Ltd. has entered into a Power Delivery Agreement and Share Purchase Agreement with TP Varun Limited.
The investment will enable EIH Ltd. to secure a dedicated renewable electricity supply for its hotel operations, contributing to cost savings and supporting sustainability and ESG goals. The transaction does not constitute a related-party transaction.
Details of the Acquisition:
| Particulars | Details |
|---|---|
| Name of the target entity | TP Varun Limited |
| Whether the acquisition is a related party transaction | No |
| Industry of the entity being acquired | Setting up ground mounted solar photovoltaic power projects |
| Cost of acquisition | ₹2,66,63,950 |
| Percentage of shareholding acquired | 26% |
EIH Ltd.’s corporate office is located at 7, Sham Nath Marg, Delhi - 110 054, India.
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