Varroc Engineering Merger & Restructuring
Varroc Engineering Limited is entering a joint venture with Forsee Power SA, France, to scale EV battery solutions in India, acquiring a 45% stake in the entity.
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Varroc Engineering Limited is entering a joint venture with Forsee Power SA, France, to scale EV battery solutions in India, acquiring a 45% stake in the entity.
Varroc Engineering will discontinue manufacturing and laboratory operations at its Italian subsidiary, Varroc Italy S.p.A. This strategic restructuring is expected to be effective from January 2027.
Varroc Engineering Ltd disclosed a cash acquisition of ₹0.23 Crore for renewable‑energy SPVs. The deal provides about 0.90 MW of captive solar capacity in Tamil Nadu and Karnataka.
Varroc Engineering announced a Rs.0.26 Crore cash acquisition of AMPIN C&I Power Twelve Private Ltd to secure 0.9 MW captive solar capacity. Completion is expected by 30 Aug 2026.
Varroc will invest up to Rs 48.7 lakh for minority stakes in two renewable‑energy SPVs. The deal gives ~0.9 MW AC captive solar capacity for its Tamil Nadu and Karnataka plants.