Silgo Retail acquires 49% stake in solar energy firm Hare Krishna Creative Realty
The acquisition marks a strategic entry for Silgo Retail into the renewable energy sector, diversifying its business and positioning it in a high-growth industry, which could have a significant long-term impact on the company's profile and revenue streams.
Silgo Retail Limited is strategically entering the fast-growing renewable energy sector through this acquisition, aligning with sustainability goals and positioning itself for future growth.
* Silgo Retail Limited is acquiring a 49% stake in Hare Krishna Creative Realty Private Limited, a company operating in the solar industry. * Hare Krishna Creative Realty is engaged in the business of development, erection, installation, operation, and maintenance of solar energy plants and other renewable energy projects. * This acquisition marks Silgo Retail's strategic entry into the fast-growing renewable energy sector, aiming to strengthen its presence and align with global climate action goals. * The initial acquisition involves 2,45,000 equity shares, representing 49% of the target company's paid-up share capital, at a price of ₹10.20 per share, with cash consideration. * The remaining stake, up to 51%, is planned to be acquired after one year from the Commercial Operation Date (COD) of the project, via a call option as per the agreement dated 22 August 2025. * Hare Krishna Creative Realty has a paid-up capital of ₹50,00,000. Its provisional income from operations for FY2024-25 was ₹11.2758 lakh with a provisional PAT of (₹9.5825 lakh). For FY2023-24, income was ₹12.9817 lakh with a PAT of ₹0.7109 lakh, and for FY2022-23, income was ₹13.0727 lakh with a PAT of ₹3.0064 lakh.
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Silgo Retail Limited filed this with the NSE as a statutory disclosure, categorised under mergers & acquisitions. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Silgo Retail Limited. Read the original for the full detail.