Blue Planet Environmental Solutions Pte. Ltd. agreed to acquire 80% stake in Mahindra Waste To Energy Solutions Limited from Mahindra & Mahindra Limited (NSEI:M&M) for approximately INR 200 million on September 13, 2022. Under the terms, Blue Planet Environmental Solutions Pte. Ltd will acquire 24 million shares in one or more tranches at a price of INR 8.44 per share. Mahindra & Mahindra Limited will have the put option to sell the remaining 20% stake. As of May 31, 2023, long Stop Date mentioned in the Share Purchase Agreement has been extended and accordingly the First Closing is now expected to be completed by September 30, 2023.


Blue Planet Environmental Solutions Pte. Ltd. completed the acquisition of 80% stake in Mahindra Waste To Energy Solutions Limited from Mahindra & Mahindra Limited (NSEI:M&M) on February 14, 2024.