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M&M to acquire 31% in solar power generation company | Business Standard News


RSEPL is subsidiary of ReNew Green Energy Solutions, which in turn is a subsidiary of Renew Power.
Pursuant to the above acquisition of shares, RSEPL will become an associate of the company, M&M said in a statement.
RSEPL will build, own and operate captive solar power plant having capacity of 58 MWp to generate around 100 million units a year and feed it into the MSEDCL grid.
Subscription of equity shares in RSEPL will enable M&M to become captive user and consume solar power generated by RSEPL. Accordingly, the company has also signed a power delivery agreement with RSEPL.
Under the open access arrangement of the company with the electricity distribution companies, the manufacturing plants of the company in Maharashtra will consume the said solar power generated. ....

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Stocks in news: Reliance Industries, HDFC, Tata Motors, SBI, Suzlon and more


Stocks in news: Reliance Industries, HDFC, Tata Motors, SBI, Suzlon and more
Stocks in news: Info Edge, Reliance Industries, Ashok Leyland, HDFC, Tata Motors, SBI, Suzlon and more
Stocks in news: Reliance Industries, HDFC, Tata Motors, SBI, Suzlon and more
BusinessToday.In
Updated Jul 07, 2021, 9:49 AM IST
Benchmark indices were trading flat in early trade today. Sensex was up 9 points to 52,870 and Nifty gained 8 points to 15,825. Here s a look at stocks that are likely to remain in news today.
Info Edge: The company s board has cleared the acquisition of Doselect.com run by Axilly Labs Pvt. Ltd. Doselect offers technical assessment services for recruitment and learning purposes. Info Edge will acquire 100% share capital of Doselect.com on a fully diluted basis for Rs 21 crore. ....

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