Premier Energies has acquired 104,550 equity shares of HeliosAnthos Energies, increasing its stake to 51 per cent in the company’s paid-up equity share capital.
The shares were allotted on a preferential basis through a private placement for a total consideration of Rs 1.05 million. Following the transaction, HeliosAnthos Energies, a joint venture between Premier Energies and BA Prerna Renewables, has become a subsidiary of Premier Energies, while BA Prerna Renewables will retain the remaining 49 per cent stake.
