Advait Energy Transitions Limited — JV/Acquisition, 27-05-2026: Acquisition

Advait Energy Transitions Limited is expanding into the Battery Energy Storage Systems (BESS) sector by incorporating a new subsidiary, Advait BESS Bhesaan Private Limited. The company will acquire a 51% stake in this subsidiary. This strategic move aims to enhance Advait's product portfolio by entering the promising BESS market, offering services like development, procurement, engineering, and maintenance of renewable energy storage solutions. The initial paid-up capital for the subsidiary is Rs. 1 Lakh.