Servotech Renewable Power System share price is in focus on Monday, June 30, 2025, following a significant share allotment and a strategic tie-up for EV infrastructure expansion.
Servotech Renewable Power System has allotted 10 lakh equity shares to Coeus Global Opportunities Fund by converting an equal number of warrants. Each share was issued at ₹83.40, including a premium of ₹82.40 per share. The transaction raised ₹6.25 crore at 75% of the issue price or ₹62.55 per warrant. This marks a conversion from the January 6, 2024, issue of 89 lakh warrants offered on a preferential basis to public non-promoters.
As a result, Coeus doubled its holding to 20 lakh shares, now owning a 0.88% equity stake in the company. Consequently, Servotech’s issued and paid-up capital increased from ₹22.48 crore to ₹22.58 crore.
In parallel, Servotech’s subsidiary Incharz has signed a memorandum of understanding with Noida Power Company Ltd, a joint venture between RP-Sanjiv Goenka Group and Greater Noida Industrial Development Authority.
The focus is to deploy a wider EV charging station network across Greater Noida. Sites identified will include corporate buildings, hospitals, commercial spaces, and society complexes. NPCL will assist in site selection and facilitate coordination with DISCOMs to reduce installation lead time and operational costs. 2 residential installations are already active under this plan.
Read More: Solarium Green Energy Secures ₹35.3 Crore Kirloskar Solar Order for Armed Forces Project!
On June 30, 2025, Servotech Renewable Power System share price opened at ₹151.95 on NSE, above the previous close of ₹147.44. During the day, it surged to ₹153.85 and dipped to ₹148.22. The stock is trading at ₹148.99 as of 12:13 PM. The stock registered gains of 1.05%.
Over the past week, it has moved up by 0.85%, over the past month, it has moved up by 20.80%, and over the past 3 months, it has moved up by 16.78%.
Engaged in renewable energy solutions, Servotech Renewable Power System offers products and services pivotal to sustainable growth. The firm’s focus on clean mobility through EV infrastructure and continued investor backing reinforces its strategic expansion. With growing awareness and policy support in clean energy, such capital-raising steps further strengthen its competitive edge in this sector.
With the successful share allotment to Coeus Global and its recent EV infrastructure pact, Servotech Power Systems witnessed a share price gain of 1.05%
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Published on: Jun 30, 2025, 12:56 PM IST
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