Nestle India to acquire 26% stake in Radiance KA for renewable energy
Nestlé India will acquire a 26% stake in Radiance KA Sunshine Seven Private Limited for ₹7.61 crore to establish a captive renewable energy plant. Radiance KA reported a turnover of ₹15.8 crore in FY26 and operates a solar power plant in Karnataka. The deal supports Nestlé's sustainability goals.
The acquisition of a 26% stake in a renewable energy company is strategically important for Nestlé India's sustainability goals and operational efficiency, but the financial outlay is relatively small compared to the company's overall size, hence the medium impact.
The acquisition supports Nestlé India's sustainability objectives and strengthens its renewable energy initiatives, which is a positive development for the company's long-term strategy.
Nestlé India Limited has executed a Share Subscription and Shareholders’ Agreement to acquire a 26% equity stake in Radiance KA Sunshine Seven Private Limited (Radiance KA). This acquisition is for establishing a captive renewable energy power plant to meet the power requirements of one of its manufacturing facilities.
Radiance KA is engaged in the generation and sale of renewable energy, operating a solar power plant with a capacity of 17.5 MW AC / 26.25 MWp DC in Koppal, Karnataka. For the financial year ended March 31, 2026, Radiance KA reported a turnover of ₹15.8 crore. Its turnover for FY24 was ₹17.09 crore and for FY25 was ₹15.76 crore.
The acquisition aligns with Nestlé India's commitment to increasing renewable energy usage and supporting its sustainability objectives. It also enables the company to meet the requirements of a "captive user" under Indian electricity laws.
The company is subscribing to 76,12,500 equity shares of Radiance KA at ₹10 per share, aggregating to ₹7,61,25,000 (₹7.61 crore). The consideration will be funded through internal accruals. The acquisition is expected to be completed within 30 days from the execution of the agreement or by a mutually agreed date.
Radiance KA was incorporated on August 2, 2021.
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Nestle India Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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