CIE Automotive India Limited — JV/Acquisition, 20-03-2025: Acquisition

CIE Automotive India Limited has mutually agreed to terminate its Share Subscription and Shareholders Agreement with Ijya Renewables India Project Private Limited, which aimed to acquire a 27% stake for approximately ₹2.55 crore. The project was intended to optimize power costs through green energy but faced challenges in developing the solar facility. The cancellation of this acquisition poses no liability on CIE Automotive, allowing it to redirect its focus without financial implications on shareholders.