Premier Energies acquires 51 per cent stake in HeliosAnthos Energies

Premier Energies has acquired 104,550 equity shares of HeliosAnthos Energies, a joint venture between Premier Energies and BA Prerna Renewables, securing a 51 per cent stake in the company’s paid-up equity share capital. The shares were allotted to Premier Energies on a preferential basis through a private placement. Furthermore, Premier Energies paid a total consideration of Rs 1,045,500 for the shares. Following the allotment, HeliosAnthos Energies has become a subsidiary of Premier Energies. BA Prerna Renewables will continue to hold the remaining 49 per cent stake in the company.