Vardhman Textiles Limited (VTL) — Announcement Announcement

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📢 Key Event
Vardhman Textiles approves 31.2% stake acquisition in ReNew Green (MPR Four)

🔄 What Changed
31.2% stake acquisition and captive power agreement execution

🔮 What's Next
Acquisition to be completed in tranches based on project milestones

💡 Investor Takeaway
This stake and power agreement secure long-term renewable energy supply for Vardhman Textiles' operations.

Vardhman Textiles announced approval of a share subscription and shareholders' agreement to acquire a 31.2% stake in ReNew Green (MPR Four) Private Limited, alongside a captive power purchase agreement for a 19 MW hybrid power plant in Madhya Pradesh. The transaction involves a total capital contribution of Rs. 77.86 Crore, with Vardhman contributing Rs. 24.29 Crore and Renew Green contributing Rs. 53.57 Crore. The plant will supply power exclusively to Vardhman Textiles under captive rules. No related party transaction concerns were raised, and the acquisition will be completed in tranches tied to project milestones.

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About Vardhman Textiles Limited (VTL)

Textiles · Textiles & Apparels · Listed on NSE

Market Cap: ₹17,557.96 Cr P/E: 20.4

View full VTL stock details →

Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

Vardhman Textiles Limited (VTL) — Announcement Announcement

About Vardhman Textiles Limited (VTL)

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