Vodafone Idea Acquires 26% Stake In Sangli Wind Energy

Vodafone Idea Ltd. on Friday said it acquired a 26% stake in its special purpose vehicle Sangli Wind Energy Pvt. Ltd. for ₹3.12 million. With this acquisition, Sangli Wind Energy has become an associate of the company, according to an exchange filing.

Sangli Wind Energy is involved in developing, procuring, installing, commissioning, generating, and maintaining wind power assets. It is currently in the process of owning and operating a captive power plant in Sangli, Maharashtra, Vodafone Idea added.