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Valiant Organics inks pact to acquire 26.25% stake in Pro-Zeal Green Power Eight
Apr-24-2025

Valiant Organics has on April 24, 2025 entered into a Share Subscription and Shareholders’ Agreement with Prozeal Green Power (PGPPL) and Pro-Zeal Green Power Eight (PGP8L), a Special Purpose Vehicle (SPV) formed for providing, developing, constructing, operating and maintaining renewable energy projects, for subscription of 26.25% of the Equity Shares and Compulsory Convertible Debentures of SPV in manner as contemplated in Share Subscription and Shareholders’ Agreement.   

In line with the company’s commitment towards procuring power through renewable resources and optimize the energy costs, the company will subscribe 26.25% equity stake of SPV as per Electricity Laws. The solar power generated by the SPV will be supplied to the company for its captive consumption. The said acquisition is expected to be completed within 30 days from the execution of the Share Subscription and Shareholders’ Agreement.  

Valiant Organics is a chemical manufacturing company with focus on manufacturing and marketing of different types of chlorophenol which is a chemical which has several applications mainly into agro-chemical industry, pharmaceutical industry, dyes industry, manufacturing of cosmetics and veterinary drugs.


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