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Aarti Industries to Buy 26.25% Stake in Pro-Zeal Green Power

Written by: Team Angel OneUpdated on: Jan 29, 2025, 3:18 PM IST
Aarti Industries has acquired a 26.25% equity stake in Pro-Zeal Green Power Seven Private Limited, as well as voting rights and CCDs.
Aarti Industries to Buy 26.25% Stake in Pro-Zeal Green Power
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Aarti Industries is a distinguished Indian chemical manufacturer, renowned for its extensive portfolio of products that span a wide range of industries, including chemicals, pharmaceuticals, agrochemicals, and personal care. Established in 1984, the company has evolved into a major force in the global chemical sector, with a strong emphasis on innovation, sustainability, and the continuous expansion of its product offerings.

Acquired a 26.25% Equity Stake in Pro-Zeal 

Aarti Industries has acquired a 26.25% equity stake and voting rights, alongside Compulsory Convertible Debentures (CCDs), in Pro-Zeal Green Power Seven Private Limited. Pro-Zeal Green Power Seven is a Special Purpose Vehicle (SPV) specifically created for the development, construction, operation, and maintenance of a 9.24 MW solar power plant.

This investment underscores Aarti Industries’ commitment to advancing India’s renewable energy sector. By securing a significant equity interest, the company not only enhances its foothold in the clean energy market but also positions itself to gain invaluable operational insights.

Understanding the Agreement

A Share Subscription and Shareholder’s Agreement is a vital corporate tool that sets forth the terms and conditions under which an investor acquires shares in a company, while also defining the relationship between shareholders. This agreement is fundamental to ensuring clarity, and transparency, and fostering robust and collaborative partnerships.

 

In this case, the agreement represents a key milestone for both Pro-Zeal Green Power Private Limited and its affiliate, Pro-Zeal Green Power Seven Private Limited. It marks an important step in strengthening their capacity to provide sustainable energy solutions, with far-reaching implications for the stakeholders involved.

Significance for Pro-Zeal Green Power and Affiliates

Pro-Zeal Green Power Private Limited has firmly established itself as a leading force in the renewable energy sector, particularly within solar power solutions. The formation of Pro-Zeal Green Power Seven Private Limited highlights the company’s strategic move to diversify and expand its operations. 

Share Price Performance 

At 2:49 PM today, Aarti Industries Ltd. shares traded at ₹425.30 per share on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 29, 2025, 3:18 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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