Aesthetik Engineers Limited has announced a board meeting discussing the acquisition of 300,000 equity shares in Solisys Solar Private Limited, which will become a wholly owned subsidiary upon completion.

The acquisition, valued at Rs. 39,00,000 (Rs. 13 per share), aims to facilitate business expansion within the solar industry.

This move is expected to enhance Aesthetik's market positioning and operational capabilities.

The acquisition process is anticipated to conclude in FY 2024-25, signaling a strategic alignment with the growing renewable energy sector.