RDB Infrastructure And Power Signs Binding Term Sheet to Acquire Green Energy Solution
RDB Infrastructure And Power Ltd has signed a Binding Term Sheet for the proposed acquisition of M/s Arankam Green Energy Solution. This agreement, finalized on April 17, 2026, aims to bolster the company’s presence in the renewable energy sector and facilitate the commercialization of a key solar power project.The acquisition targets M/s Arankam Green Energy Solution, a Special Purpose Vehicle (SPV) established to manage long-term power purchase agreements for solar power projects within India.
The primary objective of the acquisition is linked to the completion and commercialization of a 6.3 MW renewable energy project. This specific plant is set up at Khta Mugal, Saharanpur, Uttar Pradesh, and is supported by a Power Purchase Agreement with the Uttar Pradesh Power Corporation Limited (UPPCL) and a Letter of Award issued by the Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA).
Transaction and Entity Details
The company is acquiring the Firm, which was incorporated on April 20, 2025. The proposed acquisition will see RDB Infrastructure And Power Ltd hold 100% of the Firm's shareholding post-acquisition.The financial terms of the deal involve a cash consideration amounting to Rs. 90,00,000/- (Rupees Ninety Lakhs only). The acquisition is not related to a party transaction at the time the Binding Term Sheet was executed.
The proposed acquisition structure and related details are summarized below:
| Detail | Description | Value |
|---|---|---|
| Target Entity | M/s Arankam Green Energy Solution ('Firm') | Renewable / Green Energy Sector |
| Industry | Renewable / Green Energy | N/A |
| Cost of Acquisition | Cash Consideration | Rs. 90,00,000/- |
| Shareholding Acquired | Post-acquisition stake in the Firm | 100% |
| Project Capacity | Solar Plant at Khta Mugal, Saharanpur, UP | 6.3 MW |
| Firm Incorporation Date | April 20, 2025 |
The Binding Term Sheet is valid for a period of 90 days. The completion of the acquisition is anticipated within a reasonable period following the execution of definitive agreements and the receipt of necessary approvals.
Stock Price Movement
At the close of trade today, RDB Infrastructure And Power Ltd settled at ₹39.86, gaining 0.94% for the day. The shares moved through their session range, bouncing between an intraday low of ₹38.71 and a high of ₹40.54.Source:
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