Premier Energies arm to acquire 26% stake in Hexa Energy BH Five

Premier Energies Global Environment Private Limited, a wholly owned subsidiary of Premier Energies Limited, has approved a strategic acquisition to secure captive renewable energy. The board, in a meeting held on May 4, 2026, cleared a Share Subscription and Shareholders’ Agreement to acquire a minimum 26% equity stake in Hexa Energy BH Five Private Limited.

The acquisition is a cash transaction valued at Rs 68.70 crore. It is aimed at meeting captive power requirements for the subsidiary’s Solar PV (photovoltaic) Cell Manufacturing Project in Naidupeta, Andhra Pradesh.

Hexa Energy BH Five Private Limited, incorporated on April 9, 2025, is engaged in renewable energy generation and transmission. The transaction is not a related party transaction, and no promoter or group company has any interest in the target entity.

The indicative timeline for completion is 16 months from the execution of the agreement, subject to the fulfilment of closing conditions.