Material Subsidiary Completes Acquisition of 62.91% Stake in DEK and Mavericks Green Energy
Sun Drops Energia Limited (SDEL), a material subsidiary, has completed the acquisition of 1,07,47,760 equity shares of DEK and Mavericks Green Energy Limited (DMGEL), which is 62.91% of DMGEL's paid-up equity share capital.
By ScoutQuest · · 1 min read
- Acquisition Completion Date
- September 26, 2026
- Equity Shares Acquired
- 1,07,47,760 equity shares
- Stake Percentage
- 62.91% of DMGEL's paid-up equity share capital
- Target Company
- DEK and Mavericks Green Energy Limited (DMGEL)
- Acquiring Entity
- Sun Drops Energia Limited (SDEL)
What happened
Sun Drops Energia Limited (SDEL), a material subsidiary of KPI Green Energy Limited, has completed the acquisition of 1,07,47,760 equity shares of DEK and Mavericks Green Energy Limited (DMGEL), representing 62.91% of DMGEL's paid-up equity share capital, on September 26, 2026.
Structure after the deal
- DMGEL becomes a subsidiary of SDEL.
- Through that, DMGEL becomes a step-down subsidiary of KPI Green Energy Limited under the Companies Act, 2013.
Background
- On August 21, 2026 the company had intimated the exchanges about a proposed acquisition of up to 100% of DMGEL's equity share capital by SDEL.
- The present intimation confirms completion of the first tranche at 62.91%.
- The detailed disclosure required under SEBI Listing Regulations was shared as Annexure-A with the August 21, 2026 intimation.
How to read it
This is an update converting an earlier announced proposal into a completed majority-stake acquisition, expanding the group's structure with a new step-down subsidiary.
Also from KPI Green Energy
Subsidiary completes acquisition of ~43.5 lakh shares; stake in DEK and Mavericks Green Energy at 88.37%
17 Oct 2026
KPI Green Energy incorporates wholly owned subsidiary KPGC Three Private Limited for Rs. 1,00,000
5 Oct 2026
KPI Green won a ₹2,025 crore solar EPC order and signed a ₹2,410 crore wind asset acquisition, total announcements worth ₹4,435 crore
30 Sep 2026
More numbers
- Equity shares of DMGEL acquired1,07,47,760 equity shares
- Stake acquired in DMGEL62.91%
- Proposed acquisition stake (earlier intimation)up to 100%
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