Linde India Invests in Zenataris Renewable Energy for Share Subscription
Linde India Limited has completed a significant investment into Zenataris Renewable Energy Private Limited, contributing to the specialized renewable energy sector. The company invested a total of Rs. 699,099,984.30 towards the subscription of equity shares in Zenataris.The transaction was finalized on July 14, 2026. In exchange for the investment, Linde India received 82,93,001 equity shares of Zenataris Renewable Energy Private Limited. These shares were allotted at a premium of Rs. 74.30 each, with a face value of Rs. 10 per share.
This current investment constitutes the final tranche of Linde India's planned investment into the Special Purpose Vehicle (SPV), which is operated by Fourth Partner Energy Private Limited. The overall intended investment in this SPV totals Rs. 105 Crores.
Investment and Target Entity Details
Zenataris Renewable Energy Private Limited, established on October 8, 2018, is focused on the renewable power industry. The company engages in establishing, commissioning, operating, and generating electricity through sources such as wind or solar energy in India or internationally. Their business scope includes transmission, distribution, supply, and sale of this power to industries and government bodies.The investment transaction details are summarized below:
| Particulars | Details |
|---|---|
| Target Entity | Zenataris Renewable Energy Private Limited |
| Industry | Renewable Power |
| Investment Cost | Rs. 699,099,984.30 |
| Shares Acquired | 82,93,001 |
| Percentage of Shareholding Achieved (Post Allotment) | 26.77% |
| Nature of Consideration | Cash |
The acquisition is centered on the purchase of renewable power under a captive mechanism. Zenataris Renewable Energy Private Limited was incorporated on October 8, 2018, and possesses open access permission for the transmission of power granted by the generator. Furthermore, there is no indication that this acquisition would constitute a related party transaction, as neither the promoter nor the promoter group has an interest in the acquired entity.
LINDEINDIA Stock Price Movement
Linde India Limited shares slipped slightly today, closing at ₹7081.5 after shedding ₹24.00 or 0.34%. The equity traded a total of 24,453 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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