Kalyani Steels Completes Acquisition of Stake in Clean Renewable Energy KK 1B Private Limited
Kalyani Steels Limited has finalized its acquisition of equity shares in Clean Renewable Energy KK 1B Private Limited, a special purpose vehicle (SPV) of Hero Rooftop Energy Private Limited. The acquisition was initially announced on March 27, 2026.The company acquired 1,034,453 equity shares with a face value of Rs.10 each, alongside a premium of Rs.18.37 per equity share. This represents 4.85% of the paid-up equity capital of Clean Renewable Energy KK 1B Private Limited.
Below is a table summarizing the details of the acquisition:
| Detail | Information |
|---|---|
| Acquirer | Kalyani Steels Limited |
| SPV | Clean Renewable Energy KK 1B Private Limited |
| Equity Acquired | 1,034,453 equity shares |
| Face Value per Share | Rs.10 |
| Premium per Share | Rs.18.37 |
| Percentage of Equity Acquired | 4.85% |
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