Timken India Limited has announced the successful completion of its planned acquisition, finalizing the purchase of a 26.1% equity stake in Sunstreamgreen Energy C&I Three Private Limited (Target Company). This transaction, which was anticipated following earlier communications in 2025, was formally completed on March 23, 2026. The company has formally informed the stock exchanges of this significant update regarding its investment activities.
Completion of Strategic Equity Acquisition
Timken India Limited has officially confirmed the successful closure of an agreement to acquire shares in another entity. This announcement serves as an update to stakeholders following prior communications detailing the intent.
The specific transaction involved the purchase of a 26.1% equity shareholding in Sunstreamgreen Energy C&I Three Private Limited, which is referred to as the Target Company in the disclosure.
Key Dates and Confirmation
The initiation of this corporate action followed earlier communications made by the Company on 22 September, 2025, and 31 December, 2025. The final purchase and completion of the acquisition took place on 23 March, 2026.
The Company requests that the stock exchanges take due note of the completion of this transaction concerning the acquisition of the specified stake in the Target Company.
Source: BSE
