Wheels India Limited Acquires 32.65% Stake in Solar Energy Company for ₹3.43 Crores
Published on: May 2, 2026, 11:31 p.m. | Source: scanx.trade
Wheels India Limited completed the acquisition of 3,43,245 equity shares in Emerge Solar One Private Limited for ₹3.43 crores on April 30, 2026, securing a 32.65% stake in the solar power company. The target company operates solar energy facilities with 13.864 MWp DC capacity in Tamil Nadu and was incorporated in October 2024. This strategic investment enables Wheels India to procure solar power under the captive generation scheme, marking its entry into renewable energy investments outside its main business operations.
