The latest announcement is out from Havells India Limited ( (IN:HAVELLS) ).
Havells India Limited has announced a strategic investment of INR 600 Crores in Goldi Solar Private Limited, a solar module and inverter manufacturer based in Surat, Gujarat. This investment aims to secure a consistent supply of critical solar components and is part of Havells’ strategy to strengthen its position in the solar sector. The acquisition, which is not a related party transaction, will result in Havells acquiring an 8.9%-9.24% stake in Goldi, subject to the total fundraise. The transaction is expected to be completed by June 30, 2025, pending approval from the Competition Commission of India.
More about Havells India Limited
Havells India Limited operates in the electrical industry, offering a range of products including electrical equipment, lighting, and appliances. The company has a presence in the solar ecosystem through the sale of modules, inverters, solar cables, and DC switchgears.
YTD Price Performance: -8.61%
Average Trading Volume: 26,031
Current Market Cap: 960.4B INR
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