Indian APS Fully Acquires Aplus Solar Cell

en.Wedoany.com Reported - Indian solar energy company Australian Premium Solar (India) Limited (APS) has acquired an additional 49% stake in Aplus Solar Cell Limited, increasing its shareholding from 51% to 100%, making it a wholly-owned subsidiary. Aplus Solar Cell's main business is the manufacturing of primary batteries, primary battery packs, and rechargeable batteries. The subsidiary reported a turnover of INR 10,640,973 (approximately USD 117,050.70) for the fiscal year 2025-26. APS stated that the acquisition aligns with its business objectives and will support further expansion. The acquisition process has been completed and does not require government or regulatory approval. The transaction is a related-party transaction involving shares held by promoters and was conducted on an arm's length basis. APS completed the acquisition for a cash consideration of INR 99,990 (approximately USD 1,099.89).

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