Cse Deccan Solar Private Limited announced that it has issued 1,166,250 common shares at an issue price of INR 80 per share for a gross proceeds of INR 93,300,000 on January 14, 2022. The transaction included participation from new investor Apollo Tyres Limited. The shares have a face value of INR 10 per share issued at a premium of INR 70 per share.

The investor acquired 27.2% stake in the company.