Premier Energies Limited — JV/Acquisition, 23-10-2025: Acquisition

Premier Energies Ltd. (PEL) is acquiring a 51% stake in KSolare Energy Private Limited for approximately 86.7 Cr, valuing 100% at 170 Cr. KSolare, a solar inverter manufacturer with FY25 revenue of 342 Cr, specializes in residential solutions. This strategic move propels PEL into the fast-growing residential solar inverter market, aligning with the PM Surya Ghar Muft Bijli Yojana. The acquisition will leverage PEL's extensive sales and distribution network, strengthening India's domestic clean energy manufacturing.