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Greenlam Industries is acquiring a 26% stake in Bhadla Minigrid Solar 4 Private Limited for ₹2.06 Crore to establish a captive renewable energy plant.
Greenlam Industries acquired a 26% stake in Bhadla Minigrid Solar 4 Private Limited for ₹2.07 Crore. The SPV will facilitate captive power consumption.
Greenlam Industries' subsidiaries acquired the remaining 33% stake in PT. Greenlam Indo Pacific for IDR 825 million. The target, based in Indonesia, is now a 100% step-down subsidiary. This consolidation aims to rationalize the group holding structure and ensure absolute operational control.