SJS Enterprises Completes Acquisition in Renewable Energy Deal; Acquires Stake in DB Renews Private Limited
S.J.S. Enterprises Limited has successfully completed the acquisition of equity shares in M/s. DB Renews Private Limited, solidifying a strategic move into the renewable energy sector through an agreement involving wind power supply.The company entered into a Share Purchase Agreement, Shareholders' Agreement, and Energy Purchase Agreement with M/s. Doddanavar Global Energy Private Limited and M/s. DB Renews Private Limited. As part of this transaction, SJS Enterprises Limited subscribed to 28,800 equity shares of M/s. DB Renews Private Limited.
The total consideration for the acquisition amounted to INR 72,00,000/- (Rupees Seventy-Two Lakhs Only). The subscription price was fixed at INR 250/- per equity share, which corresponds to the face value of each share.
Following the completion of the transaction, SJS Enterprises Limited holds an overall shareholding representing 2.08% of the Equity Share Capital of M/s. DB Renews Private Limited.
The energy purchase agreement signed under this deal covers the supply of up to 36,00,000 units annually of wind power from M/s. DB Renews Private Limited.
Key details regarding the acquisition are presented below:
| Detail | Value |
|---|---|
| Target Company | M/s. DB Renews Private Limited |
| Shares Acquired | 28,800 equity shares |
| Total Consideration | INR 72,00,000/- |
| Subscription Price | INR 250/- per share |
| Operational Scope | Supply of up to 36,00,000 units (annually) of wind power |
| Post-Acquisition Holding | 2.08% of Equity Share Capital |
SJS Stock Price Movement
S.J.S. Enterprises Limited's equity closed today at ₹2510.3, having gained 2.81% and demonstrating exceptional momentum in post-market trading.The shares posted a strong performance, with the stock recording an impressive volume of 262,138 as it climbed significantly throughout the day.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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