Kalyani Steels has successfully completed the acquisition of equity shares in Clean Renewable Energy KK 1B Private Limited, a special purpose vehicle (SPV) of Hero Rooftop Energy Private Limited. The acquisition involved 1,034,453 equity shares priced at ₹10 each, with an additional premium of ₹18.37 per share. This transaction represents a 4.85% stake in the paid-up equity capital of Clean Renewable Energy.
The acquisition was initially announced on 27 March 2026, and it has now been finalised as per the regulatory requirements under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements. This strategic investment aligns with Kalyani Steels‘ ongoing efforts to expand its portfolio in the renewable energy sector.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Kinjal and reviewed by Markets Desk before publication.