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Biocon to Procure Solar Via Open Access Under Group Captive Model From Hinduja Renewables

Biocon will acquire a 26% stake for ₹59 million

November 24, 2020

/ Rahul Nair
/ Finance and M&A, Solar
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Bengaluru-based biopharmaceutical company Biocon Limited will acquire a 26% equity stake in Hinduja Renewables Two Private Limited (HRTPL). Biocon would shell out ₹59 million (~$799,085) to purchase the stake, and the process would conclude by December 15, 2020.

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Rahul Nair

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