The first tranche involves the acquisition of a 51% stake for a consideration of INR 400 cr. In the second tranche, Suzlon will acquire an additional 25% stake within 18 months from the acquisition of the first tranche for a consideration of INR 260 cr. The closure of the transaction is subject to the completion of certain condition precedents. This strategic acquisition will help unlock Renom's core potential and position it from a place of strength to become a leading Independent Service Provider (ISP) and custodian of multi brand renewable energy assets. This deal will also enable Renom to leverage the massive opportunity of targeting over 32 GW of non-Suzlon wind energy assets in the country today.