Kansai Electric unit acquires 10% stake in OMC Power
Kansai Electric Power’s transmission and distribution subsidiary has invested about Rs 160 crore to acquire a 10% equity stake in Gurugram-based OMC Power. The transaction adds another Japanese corporate investor to the company’s shareholder base, taking the total to four. The investment follows earlier stakes by Mitsui & Co, Chubu Electric Power, and Honda Motor Corporation. The continued participation of Japanese companies indicates sustained interest in OMC Power’s distributed renewable energy model, particularly as a…