Kalyani Steels to Acquire Stake in Clean Renewable Energy KK 1B Private Limited
Kalyani Steels Limited announced on March 27, 2026, that it has entered into agreements to acquire a stake in Clean Renewable Energy KK 1B Private Limited, a company incorporated in 2024. The acquisition is intended to facilitate the sourcing of power through captive renewable energy sources under a group captive scheme, as per the Electricity Act, 2003.Clean Renewable, based in New Delhi, is engaged in the generation and sale of electricity. The company had no turnover for the fiscal year 2024-25. The acquisition does not constitute a related party transaction, and no promoters, promoter group members, or group companies have any interest in Clean Renewable.
The transaction involves a cash consideration of Rs. 29,350,000 for the acquisition of 1,034,453 equity shares, representing 4.85% of Clean Renewable’s paid-up equity share capital. No governmental or regulatory approvals are required for the acquisition, and the company will provide a further update upon completion of the investment.
| Detail | Information |
|---|---|
| Target Entity | Clean Renewable Energy KK 1B Private Limited |
| Incorporation Date | July 25, 2024 |
| Registered Office Location | New Delhi, India |
| FY 2024-25 Turnover | Rs. 0 |
| Consideration | Cash |
| Acquisition Cost | Rs. 29,350,000 |
| Shares Acquired | 1,034,453 |
| Percentage Acquired | 4.85% |
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