Samvardhana Motherson International Limited has completed the acquisition of Onega Solar Private Limited (OSPL-SPV) on December 24, 2025. This acquisition was executed through Motherson New Energy Limited (MNEL), a wholly owned subsidiary. The move grants the company 100% ownership of OSPL-SPV. The project focuses on the development of a 15 MWp Group Captive Solar Project in Uttar Pradesh.
Acquisition of Solar Power Venture
Samvardhana Motherson International Limited announced the successful completion of the acquisition of Onega Solar Private Limited (OSPL-SPV), effective December 24, 2025. The acquisition was executed through its wholly owned subsidiary, Motherson New Energy Limited (MNEL).
Details of the Transaction
The acquisition gives Samvardhana Motherson 100% ownership of OSPL-SPV through equity shares and compulsorily convertible debentures. This strategic move aims to enhance the company’s capabilities in the renewable energy sector and support its sustainability objectives.
Project Overview
OSPL-SPV is designated for the development of a 15 MWp Group Captive Solar Project in the state of Uttar Pradesh. This venture is expected to bolster the company’s sustainability efforts, driving long-term cost efficiencies and contributing to a reduced carbon footprint across its domestic operations.
Source: BSE
