WindForce Limited (COSE:WIND.N0000) acquired 16.67% stake in Solar Universe (Pvt) Ltd from Vidullanka PLC (COSE:VLL.N0000) on April 20, 2021. As per the transaction, WindForce Limited acquired 250,000 shares representing 16.67% stake from Vidullanka PLC. Post acquisition WindForce Limited, Vidullanka PLC and HiEnergy Services (Pvt) Ltd holds 33.33% stake in Solar Universe (Pvt) Ltd. WindForce Limited will use part of the proceeds from the IPO to buy a 33% stake in Solar Universe (Pvt) Limited. Vidullanka PLC intends to utilize part of the proceeds to be raised via the rights issue of Non-voting shares for the above purpose.

WindForce Limited (COSE:WIND.N0000) completed the acquisition of 16.67% stake in Solar Universe (Pvt) Ltd from Vidullanka PLC (COSE:VLL.N0000) on April 20, 2021.