Refex Renewables Completes Acquisition of 91.43% Stake in Spectrum Renewable Energy
Refex Renewables & Infrastructure Ltd., a kelex group company, announced the completion of the acquisition of a 91.43% stake in Spectrum Renewable Energy Private Limited (SREPL) during fiscal year 2026. The acquisition was carried out by Refex Sustainability Solutions Limited (RSSL), a wholly-owned subsidiary of Refex Renewables.The acquisition occurred in stages, with RSSL acquiring 26.07% on August 5, 2025, an additional 45.98% on August 8, 2025, and a final 19.38% stake on March 30, 2026. The transaction, effective from February 11, 2025, follows a Share Purchase Agreement initially announced on January 28, 2025. RSSL intends to acquire the remaining 8.57% equity stake in the future, subject to compliance with the existing agreement.
SREPL operates a business generating Compressed Bio-Gas (CBG) and organic manure from press-mud and other biodegradable wastes at Warananagar, Kolhapur. Details of the acquisition were previously disclosed on February 12, 2025.
Source:
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.