“GMR Power and Urban Infra Ltd has acquired 100 per cent stake in GMR Green Energy Private Ltd (GGEPL) from GMR Solar Energy Private Ltd (GSEPL) a fellow subsidiary,” it said in a BSE filing.
The company has acquired the entire 50,000 equity shares of GGEPL at face value of Rs 10 each for an aggregate cash consideration of Rs 5 lakh on June 21, 2022, it added.
The acquisition did not require any government or regulatory approval. Pursuant to the acquisition, GGEPL would become a wholly-owned subsidiary of the company, it added.