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Wheels India gets nod to acquire upto 45.06% stake in O2 Renewable Energy

26 Aug 2024 Evaluate

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.

Peers
Company Name CMP
SamvardhanaMotherson 157.65
Tube Investments 2152.70
Bosch 48032.45
UNO Minda 1103.50
Bombay Burmah Trdg. 1218.50
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