TVS Srichakra Limited — JV/Acquisition, 26-02-2025: Acquisition

TVS Srichakra Limited has announced an investment of ₹1.02 crore to acquire 10.25 lakh equity shares, representing a 26.02% stake in Evincea Renewables (Three) Private Limited (ER3PL). This acquisition allows TVS Srichakra to secure solar power under a Group Captive mode, aligning with its strategy to enhance renewable energy sourcing. ER3PL, a newly incorporated entity, focuses on renewable energy generation and supply, specifically solar and wind projects. This move is expected to bolster TVS Srichakra’s operational capabilities in the renewable sector and contribute to its sustainability goals.