Healthcare Global Acquires 26% Stake in Renewable Energy Firm
Healthcare Global Enterprises Limited's subsidiary, HCG Manavata Oncology LLP, has entered an agreement to acquire a significant equity stake in Epic Vighnaharta Renewable Energy Private Limited (EVRE). The acquisition involves purchasing 26% of the shares in EVRE for an aggregate consideration of INR 38 lakh.Following the completion of the transaction, the LLP will hold the specified 26% stake in EVRE on a fully diluted basis. This move grants Healthcare Global Enterprises Limited an indirect interest of up to 26% in the renewable energy entity.
EVRE is primarily engaged in power generation from renewable sources and functions as a power project developer. The company is setting up a solar power plant in Mangalwedha, located in District Solapur, Maharashtra. The LLP intends to acquire the stake to qualify as a captive user of the electricity generated by EVRE, allowing it to supply power for its own use.
The acquisition targets the renewable energy sector, with EVRE’s project boasting an initial capacity of 1.3 MWp. While EVRE has been incorporated since March 22, 2025, and maintains a presence in India, all revenue from operations recorded over the last three financial years (FY23-24, FY24-25, and FY25-26) was INR NIL.
Key details regarding the acquisition and EVRE are presented below:
| Aspect | Detail |
|---|---|
| Target Company | Epic Vighnaharta Renewable Energy Private Limited (EVRE) |
| Primary Business | Power generation from renewable power plants |
| Acquisition Stake | 26% |
| Cost of Acquisition | INR 38 lakh |
| Shares Acquired | 3,80,000 Equity Shares of INR 10 each |
| Target Business Scope | Developing a solar power plant in Mangalwedha, Maharashtra |
| Timeline for Completion | Expected Q2 FY 2027 |
The transaction is structured as a cash consideration. The LLP’s move is expected to bolster the captive use of the generated electricity within its operations, while affirming the company's interest in clean energy development through EVRE.
HCG Stock Price Movement
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