Oswal Pumps Invests INR 303.76 Crore in Solar Subsidiary Through Rights Issue 8 days ago
Oswal Pumps Limited has acquired 5,23,72,121 additional equity shares in its wholly-owned subsidiary, Oswal Solar Structure Private Limited, for INR 303.76 crore through a rights issue. The acquisition increases the subsidiary's paid-up equity share capital to INR 64.87 crore. Oswal Solar Structure, incorporated in January 2022, has shown significant growth, with its turnover increasing from INR 593.22 million in FY 2023-24 to INR 4,522.46 million in FY 2024-25. This move aligns with Oswal Pumps' strategy to expand in the renewable energy sector, particularly in solar module manufacturing.