Surana Solar Limited — JV/Acquisition, 11-11-2024: Acquisition

Surana Solar Limited has acquired a 100% stake in Surana Technologies Private Limited, which has now become its wholly owned subsidiary. The acquisition was completed for a cash consideration of ₹1,00,000, aligning with the company’s strategy to expand its involvement in solar energy-related products and projects. Surana Technologies, incorporated in November 2023, primarily focuses on trading, distributing, and manufacturing solar energy solutions. This move is expected to enhance Surana Solar's operational capabilities and strengthen its market position in the renewable energy sector, ultimately benefiting shareholders.