Garware Technical Fibres Limited (BSE:509557) entered into an Agreement to acquire 26% stake in TP Bhaskar Renewables Limited on March 17, 2023. The Consideration will be paid in cash. In related transaction Garware Technical agreed to subscribe part of shares in TP Bhaskar Renewables.

Garware Technical proposes to pay INR 45.01379 million for 26% of the equity share capital of TPBRL with proportionate voting rights.