Premier Energies’ wholly owned subsidiary -- Premier Energies Global Environment has received an approval and entered into a Share Subscription and Shareholders’ Agreement (SSSHA) with the intention to acquire a minimum 26% equity stake aggregating to Rs 68.70 crore in Hexa Energy BH Five (SPV), a company engaged in the generation and transmission of renewable energy, in one or more tranches. The board of directors of Premier Energies Global Environment, at its meeting held on May 04, 2026 has approved the same.
The proposed acquisition is intended to meet the energy requirements for captive power consumption of the subsidiary’s Solar PV Cell Manufacturing Project at its manufacturing facility located in Naidupeta, Andhra Pradesh. Subject to satisfactory completion of the conditions precedent and closing conditions, as set out in agreement, the indicative timeline for the completion of the Proposed Transaction is 16 months from the date execution of the agreement.
Premier Energies manufactures integrated solar cell and solar panel.
| Company Name | CMP |
|---|---|
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| Adani Enterprises | 2520.50 |
| Amrapali Industries | 18.38 |
| Rashi Peripheral | 515.00 |
| PDS | 300.40 |
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