Mahindra & Mahindra will acquire a 26% stake in Neon Hybren for up to ₹11.17 crore to support a 30 MW captive solar project in Punjab. This investment enables Neon to establish a grid-connected photovoltaic plant to supply renewable electricity to M&M, complying with captive power regulations. The acquisition, expected to close by December 2026, strengthens the company's commitment to sustainable energy sourcing.
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