Business Standard

Monday, December 23, 2024 | 09:17 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Linde India acquires 18% stake in renewable power company

Image

Capital Market

For purpose of captive power use

Linde India has invested a sum of Rs. 4,78,79,989.65/- in FP Solar Shakti towards subscription of 16,50,465 equity shares (18.29%) of face value of Rs. 10/-each (allotted at a premium of Rs. 19.01/- each). The purpose of acquisition is to purchase of renewable power under captive mechanism, which will result in a lower tariff and consequent cost savings

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 20 2023 | 7:56 PM IST

Explore News