KPI Green Energy's Subsidiary Raises Stake in DEK and Mavericks Green Energy to 88.37%
- Mergers & acquisitions
- Renewable Energy
KPI Green Energy Limited has told the exchanges that its material subsidiary, Sun Drops Energia Limited, has bought a further 43,49,560 equity shares of DEK and Mavericks Green Energy Limited, taking its total holding to 1,50,97,320 equity shares, which is 88.37% of the paid-up equity share capital, as on 17 Oct 2026. The company received the information from the subsidiary that day at 10:30 a.m.
The purchase follows the proposed acquisition of up to 100% of the equity of DEK and Mavericks that KPI Green announced on 21 Aug 2026 and updated on 26 Sep 2026. The full disclosures required under the listing regulations were given with the first intimation.
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