Wheels India has received approval to acquire upto 45.06% in the equity share capital of M/s. O2 Renewable Energy XXVI, Maharashtra (O2 Renewable Energy), a renewable power generating Company. The objective of acquisition is to procure Renewable Power under Captive generation scheme.
In order to optimize the consumption of renewable energy, the Board of Directors of the Company at their meeting held on August 23, 2024, inter-alia, approved the acquisition.
Wheels India engages in the design, manufacture, and sale of automobile wheels in India.
