JK Cement has increased its investment in O2 Renewable Energy V Private Limited by acquiring an additional 46,45,658 equity shares for ₹5.19 crore. This acquisition increases JK Cement’s stake in O2 Renewable Energy from 16.76% to 28.97%. The move underscores JK Cement’s commitment to renewable energy and strengthens its position in the sector.
Increased Investment in Renewable Energy
JK Cement Limited has made a further investment in O2 Renewable Energy V Private Limited by acquiring 46,45,658 equity shares. This acquisition represents 12.21% of O2 Renewable Energy’s equity share capital, purchased from JSW Neo Energy Limited.
Financial Details of the Transaction
The total cash consideration for this acquisition amounts to ₹5,19,38,456 (Rupees Five Crore Nineteen Lakh Thirty-Eight Thousand Four Hundred Fifty-Six only). This investment is a strategic move to enhance JK Cement’s footprint in the renewable energy sector.
Impact on Shareholding
Following this acquisition, JK Cement’s overall shareholding in O2 Renewable Energy V Private Limited has increased from 16.76% to 28.97%. This significant increase reflects JK Cement’s growing commitment to sustainable energy solutions and its strategic alignment with renewable energy initiatives.
Target Company Overview
O2 Renewable Energy V Private Limited is involved in setting up, generating, and distributing power from renewable energy plants in India. As of March 31, 2025, the company reported a turnover of ₹20.29 crore and a net worth of ₹43.27 crore.
Background of O2 Renewable Energy
The SPV was incorporated on May 25, 2022 and is a subsidiary of a foreign company. O2 Renewable Energy has installed a 22 MW wind power project supplying power to the company and other consumers. The project forms part of a 240MW hybrid power project located in Kudligi Taluk, Bellary District, Karnataka.
Source: BSE