Electrical equipment company Havells India and other high net worth investors have bought a stake of around 21% in Goldi Solar, a solar PV module manufacturer, for Rs 1,422 crore.

Other investors include Nikhil Kamath, Shahi Exports, SRF Transnational Holdings, Karmav Real Estate Holdings, NSFO Ventures LLP, and Godwitt Construction. The investment was led by Havells.

Through these investments, the consortium will actively support Goldi Solar’s continued expansion as a global renewable energy leader, according to a statement.

The funding will facilitate the firm’s manufacturing capacity expansion, strengthen backward integration into solar cell production, and accelerate innovation in high-efficiency solar technologies, while expanding the company’s go-to-market efforts, the company sai

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