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

TVS Srichakra Limited has announced an investment of ₹1.02 crore to acquire 10,25,000 equity shares (26.02%) of Evincea Renewables (Six) Private Limited at a face value of ₹10 per share. This acquisition aims to purchase solar power under Group Captive mode, enhancing the company's renewable energy portfolio. Evincea Renewables, incorporated in March 2024, focuses on the generation and supply of renewable energy, aligning with TVS Srichakra's strategic expansion into sustainable energy solutions. This move is expected to strengthen operational capabilities and market positioning in the renewable energy sector.