Hikal has acquired 12,60,000 (26%) equity shares at Rs 10 each in Radiance MH Sunrise Two on December 12, 2022. The acquisition of 26% of the paid-up share capital is to meet the captive consumer requirement as per the Electricity Act, 2003. The company has also acquired 33,60,000 (26%) equity shares at Rs 10 each in Radiance MH Sunrise Four on December 12, 2022.
Hikal is a leading manufacturer and supplier of API's and intermediates globally.