Nandan Denim Enters Share Transfer Agreement for Captive Wind and Solar Power Project
Nandan Denim Limited has finalized a significant share transfer cum Shareholders' Agreement aimed at securing wind and solar power under an applicable captive power route. The transaction involves the purchase of equity in Opera Vayu (Narmada) Private Limited, working alongside Shivman Wind Energy Private Limited, which serves as the Promoter and Project Implementer.The agreement follows a previous intimation provided by Nandan Denim regarding related developments. Through this acquisition, Nandan Denim fortified its position in renewable energy infrastructure.
On July 13, 2026, Nandan Denim acquired 40,02,096 equity shares of Opera Vayu (Narmada) Private Limited. The purchase was completed for a total consideration of ₹ 4,00,20,960/-.
The details of the share acquisition are as follows:
| Metric | Detail |
|---|---|
| Acquired Entity | Opera Vayu (Narmada) Private Limited |
| Shares Acquired | 40,02,096 |
| Equity Stake | 6.1% |
| Total Consideration | ₹ 4,00,20,960/- |
The successful completion of this share transfer and the corresponding agreement positions Nandan Denim Limited in relation to the captive power generation project spearheaded by Shivman Wind Energy Private Limited.
NDL Stock Price Movement
As of 12:40 PM, shares of Nandan Denim Limited are slipping by 0.84% in live trading, currently standing at ₹2.37. The stock has seen significant movement today, as it trades within an intraday range spanning from a low of ₹2.36 to a high of ₹2.39 amid 244,504 shares traded.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.