Timken India Limited (the Company) has updated on its agreement to acquire 26.1% equity shares of Sunstreamgreen Energy C&I Three Private Limited (Target Company) for power purchase under the Group Captive Scheme. The transaction, initially expected to be completed by December 2025, is now likely to be completed on or before March 2026. This update provides stakeholders with revised expectations regarding the deal’s closing timeline.
Revised Completion Timeline
Timken India Limited has announced an update regarding the acquisition of equity shares in Sunstreamgreen Energy C&I Three Private Limited. This announcement is in furtherance of an earlier intimation dated 22 September, 2025.
Details of the Acquisition
The original agreement involves Timken India Limited acquiring 26.1% equity shares of Sunstreamgreen Energy C&I Three Private Limited (Target Company). The purpose of this acquisition is to facilitate power purchase under the Group Captive Scheme.
Updated Completion Date
The company now anticipates that the above-mentioned transaction is likely to be completed on or before March, 2026. This is a revision from the previous expectation of completion by December, 2025.
Source: BSE
