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Solar Shake-Up: Surana Solar Offloads 49% Stake in Surana Technologies


Updated: July 03, 2025 18:20

Image Source: Ecoldeaz
Surana Solar Ltd has approved the disinvestment of a 49% equity stake in its wholly owned subsidiary, Surana Technologies Pvt Ltd, marking a strategic shift in its renewable energy roadmap. The stake will be sold to Baidyanath Power Private Limited for ₹2.03 crore, with the transaction expected to close by May 30, 2025.
 
Key Highlights:
 
Stake Sale Details: Surana Solar will retain a 51% holding post-transaction, with Surana Technologies continuing as a subsidiary but no longer wholly owned.
 
Project Context: Surana Technologies is currently implementing a 54 MW solar power project in Maharashtra. The unit has yet to commence operations and has not contributed to Surana Solar’s revenue or net worth.
 
Strategic Rationale: The divestment is aimed at unlocking capital for core business expansion, reducing debt, and streamlining operations. It also allows Surana Solar to bring in a strategic partner with operational expertise.
 
Transaction Structure: The deal is not a slump sale and has been executed on an arm’s length basis. It does not involve any related party transactions.
 
Market Impact: Analysts view the move as a positive step toward capital efficiency and risk diversification, especially given the capital-intensive nature of solar infrastructure.
 
Investor Sentiment: The announcement has sparked renewed interest in Surana Solar’s stock, with expectations of improved liquidity and operational focus.
 
This divestment signals Surana Solar’s intent to recalibrate its growth strategy while maintaining a foothold in high-potential solar ventures.
 
Source: Economic Times EnergyWorld, Mercom India, Moneycontrol

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