Aurobindo Pharma provides an update regarding its acquisition of up to 26% stake in Swarnaakshu Solar Power Private Limited. Due to pending state government approval for setting up a captive solar power plant, the investment is now expected to be completed on or before December 31, 2025, subject to approval from the concerned state government.
Solar Power Acquisition Update
Aurobindo Pharma has announced an update regarding its intended acquisition of a stake in Swarnaakshu Solar Power Private Limited. Initially, the company planned to enter into a captive solar power purchase agreement and acquire up to 26% stake in Swarnaakshu by September 30, 2025.
Revised Completion Timeline
The company now informs that the completion of the investment to acquire 26% stake in Swarnaakshu will be completed on or before December 31, 2025. This revised timeline is subject to the receipt of the state government’s approval for setting up a captive solar power plant. The initial announcement was made via letters dated February 6, 2025, March 28, 2025, and June 30, 2025.
Source: BSE
