By: ICN Bureau
Last updated : January 27, 2022 5:45 pm
The company will be holding 26% of the share capital in each of the solar power generating companies.
Aurobindo Pharma Limited has entered into binding agreements to invest Rs.5.382 crores each in NVNR (Ramannapet I) Power Plant Private Limited and NVNR (Ramannapet II) Power Plant Private Limited, Hyderabad based solar power generating companies, aggregating to Rs. 10.764 crores by subscribing to additional equity shares and/or other securities of the said solar power generating companies to avail the benefit of captive consumption of Solar Power.
After making the said investments, the company will be holding 26% of the share capital in each of the aforesaid solar power generating companies.