New Delhi, June 21 -- Servotech Renewable Power System share price will be in focus on Monday after the company announced the acquisition of 27% stake in PV Module manufacturer Rhine Solar Ltd for Rs.12.15 crore, to strengthen its backward integration capabilities.

Solar solutions and EV charger manufacturer Servotech Renewable Power System said that it has officially entered into a definitive agreement to acquire a 27% stake (post-money valuation) in New Delhi-based Rhine Solar.

Servotech will acquire 9,50,106 equity shares of Rhine Solar, constituting a 27% stake in the company, at Rs.127.88 per share, aggregating to Rs.12,14,99,555.28.

Rhine Solar deals in Solar Panels, Solar Lamps, Solar Lights, Solar Cooker, solar home light, sola...