JK Tyre & Industries Ltd. has approved the acquisition of a minimum 26% equity stake in Sunpulse Power Private Ltd. (SPPL) for a total consideration of Rs 5.04 Crore. This strategic investment is aimed at meeting regulatory requirements for captive power consumption under Indian Electricity laws. SPPL, incorporated in July 2025, operates in the solar power generation industry, aligning with JK Tyre’s sustainability goals. The deal is expected to be finalized within 90 days.
Strategic Investment in Renewable Energy Subsidiary
The Board of Directors of JK Tyre & Industries Ltd. sanctioned an agreement to acquire a significant equity stake in Sunpulse Power Private Ltd. (SPPL). This move is strategically important, as the acquisition is essential for the Company to comply with the regulatory mandate concerning captive power consumption requirements as per Indian Electricity laws.
Transaction Details and Consideration
JK Tyre has committed to acquiring a minimum of 26% shareholding in SPPL. The total cost of this acquisition is set at Rs 5.04 Crore, which will be satisfied via Cash Consideration. The company has agreed to maintain this minimum stake throughout the duration of the Power Purchase Agreement and related shareholder agreements.
About the Target Entity: SPPL
Sunpulse Power Private Ltd. is an Indian company principally engaged in the business of Power Generation and Sale of Power, specifically utilizing solar energy. SPPL was incorporated relatively recently, on 27th July, 2025, and is currently a wholly owned subsidiary of Oriana Power Limited. Given its recent incorporation, standard financial disclosures such as turnover for the last three years are currently not applicable.
Closing Timeline
The transaction documents were approved following the Board meeting concluded on 5th March 2026. The indicative time period set for the final completion of the acquisition is targeted to be within 90 days. No specific governmental or regulatory pre-approvals are required for this transaction.
Source: BSE
