Shailesh Fatechand Ranka agreed to acquire 44.70% stake in Rcube Energy Storage Systems Private Limited from Windsor Machines Limited (BSE:522029) for INR 4 million on January 9, 2025. A cash consideration of INR 4 million will be paid by the buyer. As part of consideration, INR 4 million is paid towards common equity of Rcube Energy Storage Systems Private Limited.

As of September 30, 2024, Rcube Energy Storage Systems Private Limited reported total common equity of INR 4.7 million.

The expected completion of the transaction is January 9, 2025 to January 16, 2025.