Standard Engineering Technology544333Deal
GScale Energy becomes subsidiary of Standard Engineering from Sept 28, 2026; acquisition cost ~Rs. 190 crore
51%Maximum stake
- Target Company
- GScale Energy Private Limited
- Current Stake
- 33.55% held (50,495 equity shares)
- Proposed Stake
- up to 51%
- Acquisition Consideration
- approximately Rs. 190 Crores
- Date Became Subsidiary
- September 28, 2026
GScale Energy becomes subsidiary of Standard Engineering from Sept 28, 2026; acquisition cost ~Rs. 190 crore.
GScale incorporation
Board approval intimation
Completion of 33.55% acquisition became associate
GScale became subsidiary
Also from Standard Engineering Technology
In-principle approval from BSE, NSE for proposed preferential issue of 24,39,750 shares
3 Oct 2026
More numbers
- Cost of acquisitionApproximately of Rs. 190 Crores
- Shareholding held33.55%
- Equity shares held50,495 equity shares
- Proposed maximum stakeup to 51%
- Target paid up share capitalRs. 16,20,220/-
- Target authorised share capitalRs. 35,00,000/-
- ConsiderationApproximately of Rs. 190 Crores
Source: BSE · 28 Sep 2026
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