KPI Green Energy jumps on acquiring stake in Miyani Power Infra LLP
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
KPI Green Energy is currently trading at Rs. 959.95, up by 40.95 points or 4.46% from its previous closing of Rs. 919.00 on the BSE.
The scrip opened at Rs. 960.35 and has touched a high and low of Rs. 964.95 and Rs. 959.80 respectively. So far 41087 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 5 has touched a 52 week high of Rs. 1083.95 on 19-Jul-2024 and a 52 week low of Rs. 248.33 on 02-Aug-2023.
Last one week high and low of the scrip stood at Rs. 991.85 and Rs. 905.00 respectively. The current market cap of the company is Rs. 11633.34 crore.
The promoters holding in the company stood at 53.09%, while Institutions and Non-Institutions held 6.39% and 40.51% respectively.
KPI Green Energy along with its wholly owned subsidiary KPark Sunbeat, has acquired a stake in Miyani Power Infra LLP on July 25, 2024. The company holds 99% stake in Miyani Power Infra LLP through its direct capital contribution, and a remaining 1% stake through its wholly-owned subsidiary, KPark Sunbeat, also via capital contribution. The object of acquisition of Miyani Power Infra LLP is to develop renewable energy projects which may be pursued in future.
KPI Green Energy (formerly known as K.P.I. Global Infrastructure) is a solar power generating company focused on providing solar power, both as an Independent Power Producer (IPP) under the brand name of ‘Solarism’ and as service provider to Captive Power Producer (CPP) customers.
