Trade Info : Relaxo Footwears buys a new company to generate its own green power

Symbol

RELAXO

Company

Relaxo Footwears Ltd

Category

Acquisition

Source

Official

Investment Amount

2.50 crores

Equity Stake Acquired

26%

Completion Time

60 days

Turnover of New Company

Nil

News Summary

Relaxo Footwears just bought a new private company called Clean Max MUOI Private Limited.
The company plans to use this new unit to make its own solar power for its factories.
The deal is expected to finish within 60 days of the new company starting.

Why This Matters

This move helps the company save money on electricity bills by making its own power.
It also helps Relaxo follow strict government rules about using clean energy sources.
Investors should know this lowers the company's long-term costs and supports its green goals.

Fundamental Backdrop (FY – FY )

Metric	Value
Investment Amount	2.50 crores
Equity Stake Acquired	26%
Turnover of New Company	Nil
Completion Time	60 days

Analyst's View

This suggests the company is serious about cutting costs and using green energy.
The company appears to be building a stable power source for its factories in Haryana.
Investors may want to watch how well this new power project saves money over time.

Buy

Confidence 85%

Conviction Level 85%

The company is taking a clear step to lower costs and follow green energy rules.

Key Positives

The company will save money by making its own solar power for its factories.
The new project helps Relaxo meet strict government rules about clean energy use.
The investment is a clear step toward the company's long-term green energy goals.

Key Risks

The new company has not started business yet, so its future earnings are uncertain.
Solar projects can take a long time to become fully operational and efficient.
If the solar project costs more than expected, it could hurt the company's profits.

HorizonMedium term

Confidence LevelHigh

Suggested position size: Hold or slightly increase

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Disclaimer This analysis is for informational purposes only and does not constitute financial advice. Do your own research and consult a qualified financial professional before making any investment decisions.