KPI Green Energy Limited (BSE:542323) agreed to acquire 99.9% stake in Kpark Sunbeat Private Limited from Faruk G. Patel for INR 1.4 billion on October 11, 2023. The purchase consideration payable shall be discharged by way of issue of 1.52 million shares and cash. Kpark reported turnover of INR 1.5 million for the last financial year 2023. The transaction has been approved by the Board of Directors of KPI Green. The transaction is subject to KPI shareholder approval and is expected to be completed in the next 2 to 3 months.

KPI Green Energy Limited (BSE:542323) completed the acquisition of 99.9% stake in Kpark Sunbeat Private Limited from Faruk G. Patel on December 4, 2023.