KEI Industries gains on signing agreements to acquire 26% stake in Solarcraft Power India 24
KEI Industries is currently trading at Rs. 5203.70, up by 85.05 points or 1.66% from its previous closing of Rs. 5118.65 on the BSE.
The scrip opened at Rs. 5215.95 and has touched a high and low of Rs. 5238.25 and Rs. 5150.00 respectively. So far 4470 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5301.10 on 02-Mar-2026 and a 52 week low of Rs. 3410.20 on 21-May-2025.
Last one week high and low of the scrip stood at Rs. 5255.30 and Rs. 4,722.30 respectively. The current market cap of the company is Rs. 49828.94 crore.
The promoters holding in the company stood at 35.00%, while Institutions and Non-Institutions held 53.10% and 11.90% respectively.
KEI Industries has entered into Share Subscription and Shareholders’ Agreement (SSSA) and Solar Power Purchase Agreement (SPPA) on May 20, 2026 to subscribe/acquire 26% (along with other captive users) of its Securities i.e. Equity Share Capital and Compulsory Convertible Debentures (CCD) of Solarcraft Power India 24 for an investment of Rs 5.90 crore, in one or more tranches, to source solar power as a captive consumer for a capacity up to 11.25 MW located in the State of Rajasthan.
