Bluspring Acquires STEAG India Unit to Strengthen Energy Services

The deal expands Bluspring’s presence in power and renewable services

March 20, 2026

/ Meghana Prasad
/ Finance and M&A, Renewable Energy
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Integrated infrastructure services company Bluspring Enterprises has announced that its wholly owned subsidiary, Bluspring New Horizon One (BNHOPL), has executed a share purchase agreement with Germany-based STEAG Energy and STEAG Energy Services India (SESI) to acquire 100% of SESI’s paid-up share capital for a cash consideration of ₹1.8 billion (~$19.28 million).

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Meghana Prasad

More articles from Meghana Prasad.
Bluespring EnterprisescapitalFundingRenewable EnergySESI
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