# EIH Associated Hotels Approves ₹0.46 Crore for 26% Stake in Avaada Indsolar Solar SPV

> EIH Associated Hotels approved a ₹0.46 crore cash investment for a 26% stake in Avaada Indsolar, a captive solar SPV.

- Published: 2026-11-11T13:50:21+00:00
- Section: Funding
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-11/eih-associated-hotels-avaada-indsolar-stake
- Source: [ScanX](https://scanx.trade/stock-market-news/companies/eih-associated-hotels-approves-0-46-crore-investment-avaada-solar-spv/55948839)

## Key takeaways

- EIH Associated Hotels approved a ₹0.46 crore investment for a 26% equity stake in Avaada Indsolar Private Limited at ₹10 per share.
- The 26% holding is required under the Electricity Act, 2003 for captive user compliance in the solar SPV.
- Avaada Indsolar's turnover rose from ₹80.14 million in FY24 to ₹490.03 million in FY26.

EIH Associated Hotels Limited approved an investment of up to ₹0.46 crore to acquire a 26% equity stake in Avaada Indsolar Private Limited, a solar special purpose vehicle, at a cash consideration of ₹10 per share, with completion targeted by March 2027. [ScanX](https://scanx.trade/stock-market-news/companies/eih-associated-hotels-approves-0-46-crore-investment-avaada-solar-spv/55948839) reported that the board authorized the investment on November 11, 2026.

## EIH Associated Hotels' Captive Solar Stake

The 26% equity share is mandated by the Electricity Act, 2003 and Electricity Rules, 2005, which require captive users to hold at least 26% of the equity share capital in the SPV to maintain proportional ownership in the power plant. EIH Associated Hotels will acquire shares proportional to its ownership in a solar power plant with a contract capacity of 1 MWac / 1.3 MWdc. The company said the move secures captive renewable electricity supply for its hotel operations. The board authorized the investment pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing states that the acquisition does not constitute a related party transaction, and neither the promoter group nor group companies hold any interest in the target entity. No governmental or regulatory approvals beyond standard compliance are required for the acquisition.

Avaada Indsolar was incorporated in June 2021 as a private limited company focused on setting up ground-mounted solar photovoltaic projects in India. [Avaada](https://akta.pro/company-profiles/0000dcj/avaada) Group presented its integrated clean energy vision at the Bharat RE Summit 2026 in New Delhi, covering renewable power, solar manufacturing, storage, and green hydrogen, according to Machine Maker.

## Avaada Indsolar's Turnover Growth

According to akta.pro [company records](https://akta.pro/company-data), [Eih Assoc Hotels](https://akta.pro/company-profiles/003jka7/eih-assoc-hotels) operates seven properties under its brands, comprising 2 Oberoi Hotels and 5 Trident Hotels, with 784 total keys across all properties. The same records list EBITDA of INR 1383.34 million for FY26. Avaada Indsolar's turnover grew from ₹80.14 million in FY24 to ₹490.03 million in FY26, the filing states.

## Earlier EIH Associated Hotels Disclosures

EIH Associated Hotels delayed the opening of 10 luxury tents at Hotel Trident, Udaipur, from October 1, 2026, to October 1, 2027, a one-year postponement disclosed under SEBI (LODR) regulations on November 11, 2026, ScanX reported. On August 4, 2026, the company pushed the reopening of its Trident Jaipur property from January 2027 to October 2027 due to extensive renovation work and design refinements, a nine-month setback disclosed under SEBI Regulation 30, according to ScanX. On August 5, 2026, Bhartiya Hospitality and EIH (associated with the Oberoi Group) partnered to develop 20 ultra-luxury resorts across India, with initial properties planned in Coorg, Kabini, and Hampi targeting longer stays, The Times of India reported.

## Avaada Indsolar Completion Target

The investment in Avaada Indsolar is scheduled for completion by March 2027, the filing states.

## Companies in this story

- [Eih Assoc Hotels company profile](https://akta.pro/company-profiles/003jka7/eih-assoc-hotels) · website: http://www.eihassociatedhotels.in
- [Avaada company profile](https://akta.pro/company-profiles/0000dcj/avaada) · website: https://avaada.com

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