Mumbai, Feb. 25 -- The deal includes the transfer of exclusive and global intellectual property (IP) rights (except India) for Scorpius Trackers' advanced solar tracking technology.

The deal will be completed in two tranches, with full closure expected by March 2026, subject to due diligence, customary/statutory approvals, and closing conditions.

The proceeds from this transaction will be strategically redeployed to expand Scorpius Trackers' operations in India, fuel solar EPC business growth, and support Gensol's broader clean energy initiatives.

While the deal transfers global IP rights (excluding India) to the US entity, Scorpius Trackers Pvt. Ltd., India, remains a wholly owned subsidiary of Gensol Engineering, continuing to focus ...