Bhagyanagar India Limited — JV/Acquisition, 08-03-2025: Acquisition

Bhagyanagar India Limited has acquired a 51% stake in Crescentia Technology Private Limited, which will now operate as its subsidiary. The acquisition involves a cash consideration of ₹5.10 lakh for 51,000 equity shares at a face value of ₹10 each. This strategic move aims to enhance Bhagyanagar's capabilities in the solar energy sector, aligning with its existing business of trading and distributing solar-related products. The acquisition is expected to bolster operational efficiencies and broaden market reach, contributing to future growth opportunities.