Subsidiary completes acquisition of ~43.5 lakh shares; stake in DEK and Mavericks Green Energy at 88.37%
Sun Drops Energia Ltd, a material subsidiary, has completed buying 43,49,560 more equity shares of DEK and Mavericks Green Energy Ltd.
By ScoutQuest · · 2 min read
- Additional shares acquired
- 43,49,560 equity shares of DEK and Mavericks Green Energy Ltd
- Total holding after acquisition
- ~1.51 crore equity shares
- Stake in paid-up equity capital
- 88.37% as on October 17, 2026
What was announced
Sun Drops Energia Limited (SDEL), a material subsidiary of the company, has completed the acquisition of an additional ~43.5 lakh equity shares of DEK and Mavericks Green Energy Limited (DMGEL). This follows the earlier intimations about the proposed acquisition of up to 100% of the equity share capital of DMGEL by SDEL.
Where the holding stands now
- Total equity shares of DMGEL acquired by SDEL: 1,50,97,320
- Share of DMGEL's total paid-up equity share capital: 88.37%
- The completion is stated as on October 17, 2026
How to read this
The update is about the subsidiary actually acquiring more shares, not just agreeing to. Buying an additional ~43.5 lakh shares takes SDEL's holding to ~1.51 crore shares, or 88.37% of DMGEL. For a retail reader, holding close to nine-tenths of another company means the group controls that business and a large share of its earnings and assets flows through the group's consolidated numbers. Moving from a part holding towards near-full ownership is one way a company deepens its presence in a business it already runs.
What has been completed and what was planned earlier
- Earlier letters to the exchanges spoke of a proposed acquisition of up to 100% of DMGEL's equity share capital.
- This update records that shares have been acquired, taking the total to ~1.51 crore shares and 88.37% of the paid-up equity share capital.
Points worth noting
- The transaction is an acquisition of equity shares, so the stake is held outright by the subsidiary.
- The information in the letter was received from SDEL at 10:30 a.m. on the date of the letter.
- Any view on the impact should be based on DMGEL's own operations, financials and how the group consolidates this entity; readers tracking the stock can watch for further updates on the balance stake.
Also from KPI Green Energy
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
KPI Green Energy presents KP 3.0 Unleashed: group crosses 1 GWp IPP capacity, targets India's 2030 renewable build-out
30 Sep 2026
More numbers
- Additional equity shares of DMGEL acquired by SDEL43,49,560
- Total equity shares of DMGEL held by SDEL1,50,97,320
- SDEL's share of DMGEL total paid-up equity share capital88.37%
- Proposed acquisition ceiling of DMGEL equity share capital100%
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.