Other Private Equity/Strategic Investments
Tyre maker MRF acquires 26% stake in Serentica Renewables for Rs.99-Cr
Chennai-based tyre maker MRF Ltd is to acquire 26% of Gurugram-based Serentica Renewables India Pvt Ltd for INR 99 crore in cash. This acquisition, to be completed by July 31,2026, is made under the Central Government’s captive power policy, facilitating the purchase of solar and wind power. Serentica is a player in energy sources, including hydel, solar, wind, geothermal, as well as energy storage. The company was incorporated on May 5, 2025, and has not yet commenced commercial operations, reporting a nil turnover.
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