Choice International has announced a strategic partnership between its subsidiary, Choice Consultancy Services Private Limited (CCSPL), and SolarEra Green Renewables Private Limited (SolarEra). The partnership focuses on ongoing solar project developments, leading to a 49% dilution of CCSPL’s investment in its step-down subsidiaries, Choice Green Energy MH-1 and MH-2 Private Limited.
Strategic Alliance with SolarEra
Choice International is entering into a strategic partnership via its subsidiary, Choice Consultancy Services Private Limited (CCSPL), with SolarEra Green Renewables Private Limited (SolarEra). This partnership will bolster ongoing solar project development.
Investment Dilution in Subsidiaries
As part of the agreement, CCSPL will dilute its shareholding in its subsidiaries, Choice Green Energy MH-1 Private Limited and Choice Green Energy MH-2 Private Limited, by 49%.
Focus on Solar Projects
The partnership will focus on developing solar power projects under Choice Green Energy MH-1 and MH-2 Private Limited. SolarEra will bring expertise in Renewable Energy Asset Management, offering Turnkey EPC and O&M services for utility-scale solar projects.
Deal Completion
The expected date of completion for this sale/disposal is December 05, 2025.
Consideration Received
The consideration received from this sale/disposal is as follows:
- Choice Green Energy MH-1 Private Limited: Rs. 22,54,000
- Choice Green Energy MH-2 Private Limited: Rs. 27,44,000
Source: BSE
