Kay Cee Energy & Infra Limited Acquires Remaining Stake in Suryavayu Renewable & Energy Solutions
Kay Cee Energy & Infra Limited announced on March 26, 2026, that its Board of Directors approved the acquisition of an additional 50% equity investment in its joint venture company, Suryavayu Renewable and Energy Solutions Private Limited (SRESPL), from Jost’s Engineering Company Limited. The acquisition will be completed by March 30, 2026.The transaction, valued at ₹4.124 per share, will result in SRESPL becoming a wholly owned subsidiary of Kay Cee Energy & Infra Limited, stemming from Jost's Engineering Company Limited's decision to divest its stake. A total of 25,000 equity shares are being acquired for a total consideration of ₹1,03,100.
Suryavayu Renewable and Energy Solutions Private Limited was incorporated on December 9, 2024, in India. The company's turnover as of March 31, 2025, was Nil. The acquisition is intended to facilitate EPC projects in the power sector and expand the company's presence in the renewable energy sector.
| Detail | Information |
|---|---|
| Paid-up share capital of SRESPL | ₹5,00,000 |
| Turnover of SRESPL as of March 31, 2025 | Nil |
| Price per share | Rs. 4.124 |
| Percentage of shareholding acquired | 50.00% |
| Incorporation date of SRESPL | December 9, 2024 |
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