The deal was completed in two tranches, underscoring a phased approach to Lupin’s solar energy diversification. (Image Credit/Source: Kelly/Pexels)
India-based Lupin Ltd. has acquired a 42.61% equity stake in Sunsure Solarpark Seventeen Pvt. Ltd. for INR 10.5 crore (~$1.22M) through a two-tranche agreement. The deal reflects Lupin’s entry into the renewable energy sector, focusing on solar energy projects. Sunsure Solarpark specializes in renewable energy initiatives, although details about specific project capacities or locations were not disclosed. The phased structure of the investment highlights a systematic approach to Lupin’s diversification into clean energy.
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