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VERIFIEDET Finance·neutral

Sumitomo buys 49% in Hero Future Energies unit for Rs 375 crore

AI Summary
  • ·Sumitomo Corporation acquired a 49% stake in a Hero Future Energies subsidiary for ₹375 crore.
  • ·The subsidiary is developing a 500 MW renewable energy project in Bidar, Karnataka.
  • ·Hero Future Energies retains a 51% controlling stake in the subsidiary.
SUMICHEM
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