-- Vikran Engineering (NSE:VIKRAN, BOM:544496) said it agreed to acquire a 49% stake in NOPL Solar Projects for 49 million Indian rupees, according to an Indian bourse filing on Tuesday.
Shares of the company rose over 2% in Wednesday's trade.
The target company is involved in solar project development and is linked to a 969 MW grid-connected project under the PM-KUSUM scheme in Maharashtra, India, the filing said.