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KPI Green Energy’s arm completes acquisition of 62.91% stake in DMGEL
Sep-28-2026

KPI Green Energy’s material subsidiary-- Sun Drops Energia (SDEL) has completed acquisition of 1,07,47,760 equity shares of DEK and Mavericks Green Energy (DMGEL), representing 62.91% of the paid-up equity share capital of DMGEL on September 26, 2026.

Consequent to the aforesaid acquisition, DMGEL has become a subsidiary of SDEL and accordingly, a step-down subsidiary of the Company, in accordance with the applicable provisions of the Companies Act, 2013.

KPI Green Energy, is the solar and hybrid vertical of KP Group. It is a prominent solar and hybrid power generating company. The company develops, builds, owns, operates and maintains solar and hybrid power plants through as an Independent Power Producer (IPP) and as service provider to Captive Power Producer (CPP) under the brand name of 'Solarism'. 


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