India, June 23 -- Servotech Renewable Power System Ltd, India's leading solar solutions and EV charger manufacturer, has officially entered into a definitive agreement to acquire a 27% stake (Post-money valuation) in Rhine Solar Ltd, a well-established ALMM-approved PV module manufacturing company based in New Delhi, India.

This strategic acquisition marks a significant milestone in Servotech's long-term roadmap for expanding its renewable energy portfolio and solidifying its position as a comprehensive solar solutions provider.

This crucial investment propels Servotech directly into the heart of the PV module manufacturing industry. By strategically leveraging Rhine Solar's existing state-of-the-art infrastructure, its invaluable ALMM-...