Dalmia Bharat Limited’s wholly owned subsidiary, Dalmia Cement (Bharat) Limited (DCBL), has announced its plans to acquire a 26% stake in Ventora Energy Private Limited. The acquisition, valued at approximately ₹4.42 crore, will be executed in one or more tranches.
The acquisition involves entering into a Share Subscription and Shareholders’ Agreement (SSSHA) and a Power Purchase Agreement (PPA) with Ventora Energy, an SPV of Ultra Mega Power Private Limited. This strategic move aims to source wind power as a captive consumer for a capacity of up to 8.1 MW located in Tamil Nadu.
The acquisition is not classified as a related party transaction, and neither the promoter nor the promoter group companies have any interest in Ventora Energy. The transaction is expected to be completed within three months, subject to customary conditions precedent.
Ventora Energy operates in the power generation sector, specifically focusing on wind power. This acquisition aligns with Dalmia Bharat‘s commitment towards achieving RE 100 by 2030 and becoming carbon negative by 2040.
The acquisition will be executed through a cash consideration, with DCBL acquiring 44,22,600 equity shares of face value ₹10 each at par. Post-acquisition, DCBL will hold a 26% stake in Ventora Energy.
Ventora Energy, incorporated on December 11, 2025, is a Special Purpose Vehicle set up to establish a wind power project on a captive basis in Tamil Nadu. As the company was incorporated in FY 2025-26, turnover details for the last three years are not applicable.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).