Linde India acquires 18% stake in renewable power company

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Capital Market
Last Updated : Mar 20 2023 | 8:16 PM IST

For purpose of captive power use

Linde India has invested a sum of Rs. 4,78,79,989.65/- in FP Solar Shakti towards subscription of 16,50,465 equity shares (18.29%) of face value of Rs. 10/-each (allotted at a premium of Rs. 19.01/- each). The purpose of acquisition is to purchase of renewable power under captive mechanism, which will result in a lower tariff and consequent cost savings

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First Published: Mar 20 2023 | 7:56 PM IST

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