KEI Industries to acquire 26% stake in Solarcraft Power India 24

KEI Industries has entered into Share Subscription and Shareholders’ Agreement (SSSA) and Solar Power Purchase Agreement (SPPA) on May 20, 2026 to subscribe/acquire 26% (along with other captive users) of its Securities i.e. Equity Share Capital and Compulsory Convertible Debentures (CCD) of Solarcraft Power India 24 for an investment of Rs 5.90 crore, in one or more tranches, to source solar power as a captive consumer for a capacity up to 11.25 MW located in the State of Rajasthan. KEI Industries is among India’s leading manufacturers and marketers of cables and wires, with a comprehensive product portfolio ranging from housing wires to Extra High Voltage (EHV) cables. $KEI