21 Aug 2026
KPI Green Energy's subsidiary Sun Drops Energia approved acquiring up to 100 percent of DEK and Mavericks Green Energy at a valuation of Rs 55.80 crore.
Consideration is up to 15,89,781 compulsorily convertible preference shares of Sun Drops rather than cash, subject to Sun Drops shareholder approval. Past 50 percent, DMGEL becomes a step-down subsidiary of KPI Green. Sun Drops is the entity KPI Green has said it intends to list, so settling in Sun Drops paper builds that asset base ahead of the IPO.
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