Yinson’s unit buys additional 57.5% stake in India-based firm

TheStar Fri, Dec 25, 2020 09:40am - 3 years View Original


In a filing with Bursa Malaysia, Yinson said RSE is an India-incorporated company with two operational solar plants in the Bhadla Solar Park, Rajasthan, India.

KUALA LUMPUR: Yinson Holdings Bhd’s (Yinson) wholly-owned subsidiary, Yinson Renewables (S) Pte Ltd, has completed its acquisition of an additional 57.5% equity interest in Rising Sun Energy Pte Ltd (RSE).

In a filing with Bursa Malaysia, Yinson said RSE is an India-incorporated company with two operational solar plants in the Bhadla Solar Park, Rajasthan, India.

It added that the company had acquired a 37.5% stake in RSE in March this year.

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