Global Infrastructure SherpaDeepak Fertilisers invests INR 5 crore for 26% stake in First Energy for wind-solar hybrid captive power
Deepak Fertilisers and Petrochemicals Corporation Limited is investing INR 5 crore (approximately $531,855) to acquire a minimum 26% equity stake in First Energy 11 Private Limited and First Energy Private Limited. This investment is for wind-solar hybrid captive power consumption, alongside other captive users. The agreement was signed on March 21, 2026, and marks Deepak Fertilisers' entry into First Energy, as the company currently holds no shares. The transaction does not grant board appointment rights or priority in future share issuances. The counterparties are unrelated to Deepak Fertilisers' promoter group.
Counterparts (3)
Register free to access full counterpart details, deal analysis, and timeline.
Register free →Deal Analysis
- Investment value: INR 5 crore
- Equity stake: Minimum 26%
- Technology: Wind-solar hybrid captive power
- Agreement date: March 21, 2026
- Geography: India
Source Intelligence
The agreement was signed on March 21, 2026, and marks Deepak Fertilisers' entry into First Energy, as the company currently holds no shares. The transaction does not grant board appointment rights or priority in future share issuances. The counterparties are unrelated to Deepak Fertilisers' promoter group. "According to the filing, the company will invest INR 5 crore (~$ 531,855 ) to subscribe to a minimum 26% equity stake in First Energy, along with other captive users, for wind-solar hybrid captive power consumption." "Deepak Fertilisers also said it does not currently hold any shares in First Energy." "The filing added that the agreement does not provide board appointment rights, priority rights in future share issuance, or restrictions on changes in capital structure, and these were marked not applicable." "The company further stated that the counterparties are not related to its promoter, promoter group, or group companies, and that the transaction does not fall within related party transaction norms."
"Deepak Fertilisers and Petrochemicals Corporation Limited, an Indian chemicals company, has entered into a Share Subscription and Shareholders Agreement and a corresponding Captive Power Agreement with First Energy 11 Private Limited and First Energy Private Limited."
"Deepak Fertilisers and Petrochemicals Corporation Limited, an Indian chemicals company, has entered into a Share Subscription and Shareholders Agreement and a corresponding Captive Power Agreement with First Energy 11 Private Limited and First Energy Private Limited."
"Deepak Fertilisers and Petrochemicals Corporation Limited, an Indian chemicals company, has entered into a Share Subscription and Shareholders Agreement and a corresponding Captive Power Agreement with First Energy 11 Private Limited and First Energy Private Limited."
Timeline
Get the full picture — timeline, source intelligence, and counterpart analysis.
Register free →