Uno Minda Ltd. has approved an investment in Hexa Sunshine Private Limited, a Special Purpose Vehicle (SPV), for sourcing power through wind and solar energy for its Gujarat units. The investment, including that of subsidiary Uno Minda Kyoraku Ltd. (UMKL), will total up to INR 6.50 crores. This initiative aims to enhance renewable power usage, with the project expected to be completed by Q3 2026-27.
Renewable Energy Investment
Uno Minda Ltd. has announced an investment in renewable energy through a Special Purpose Vehicle (SPV). The Mergers & Acquisitions Committee approved the investment in M/s. Hexa Sunshine Private Limited, a company focused on generating and distributing renewable energy in India. This decision was made during a meeting held on January 19, 2026.
Investment Details
The total investment in the SPV will be up to INR 6.50 crores. Uno Minda will invest INR 5.25 Crores, while its subsidiary, Uno Minda Kyoraku Ltd. (UMKL), will contribute INR 1.25 Crores. The company will acquire upto 30% equity in the SPV. This investment is intended to facilitate the sourcing of power through wind and solar energy for Uno Minda’s units located in Gujarat.
Projected Timeline and Rationale
The project is aimed at availing open access to renewable power and is expected to be completed by Q3 2026-27. Hexa Sunshine Private Limited was incorporated on April 16, 2024. The investment will support the company’s objective to increase the share of renewable energy in its power consumption. There are no governmental or regulatory approvals required for the acquisition.
Source: BSE
