Jindal Stainless532508Stake acquisition deal
Jindal Stainless arm Chromeni Steels acquires 40% of Oyster Green Hybrid Four for ₹1.25 crore cash
By ScoutQuest · · 1 min read
40%Equity stake acquired
- Equity Stake Acquired
- 40% equity stake acquired by Chromeni Steels Limited as on date
- Cash Consideration
- ₹1.25 crore invested in the present tranche, towards an aggregate commitment of up to ₹12.50 crores
- Project Capacity
- 24 MW wind solar hybrid captive renewable energy project; ~70 million units annually
- Target
- Oyster Green Hybrid Four Private Limited
- Transaction
- Acquisition of equity stake in a special purpose vehicle (captive renewable ener
Jindal Stainless arm Chromeni Steels acquires 40% of Oyster Green Hybrid Four for ₹1.25 crore cash.
Date of incorporation of Oyster Green
Acquisition date
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More numbers
- Consideration for current tranche₹1.25 crore
- Aggregate investment committed by CSL in Oyster Green₹12.50 crores
- Equity stake acquired40%
- Project capacity24 MW
- Expected annual power production~70 million units
Source: BSE · 16 Oct 2026
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