Skip to main content

MoneyWorks4Me

Mahindra CIE Automotive subscribes 31.20% stake in ReNew Surya Alok

24 Feb 2021 Evaluate

Mahindra CIE Automotive has subscribed 8,26,000 equity shares of ReNew Surya Alok (ReNew) which constitute 31.20% of the total issued and paid-up capital of ReNew. ReNew is engaged in Solar Power Generation and Supply. Accordingly, the said investment is made essentially to qualify as a captive consumer and thereby optimizing the power cost at the plants.

Mahindra CIE Automotive is a multi-technology automotive components supplier.

Peers
Company Name CMP
SamvardhanaMotherson 169.15
Tube Investments 2263.45
Bosch 50499.00
UNO Minda 1370.00
Bombay Burmah Trdg. 1303.05
View more..