Dalmia Bharat Ltd to Acquire 26% Stake in Solsolis Solar Energy Solutions for ₹17.5 Million

Dalmia Cement (Bharat) Limited (DCBL), a wholly-owned subsidiary of Dalmia Bharat Ltd., has entered into a Share Subscription and Shareholders Agreement to acquire a 26% equity stake in Solsolis Solar Energy Solutions Private Limited. The acquisition involves 3.02 million equity shares, amounting to ₹30.24 million (approximately $361,468), to be completed in one or more tranches. This strategic investment enables DCBL to source up to 11.2 MW of solar power as a captive consumer in Odisha, reinforcing the company's commitment to expanding its renewable energy portfolio and achieving sustainability goals. 

Source: Mercom India