Smart meter stock jumps after it acquires 13% stake in Durg Rajnandgaon Jagdalpur Smart Metering Private LtdSmart meter stock jumps after it acquires 13% stake in Durg Rajnandgaon Jagdalpur Smart Metering Private Ltd

Introduction:

Smart meter stock has acquired 13% equity in a smart metering company through a Share Purchase Agreement. This acquisition aims to support a major project, and the company will become a wholly-owned subsidiary, focusing on manufacturing smart, advanced, and prepaid meters.

Share Price movement of Genus Power Infrastructures:

On March 17, 2025, Genus Power Infrastructures Limited opened at ₹244.90, reaching a high of ₹247.50, up 1.76% from its previous close of ₹243.20, with a low of ₹240.25. The stock is currently trading at ₹243.00, with a market cap of ₹7,385.45 crore.

Genus Power Infrastructures new acquisition:

Genus Power Infrastructures Limited (GPSPL), a wholly-owned subsidiary, entered into a Share Purchase Agreement (SPA) on March 13, 2025, to acquire 13,000 equity shares, representing 13% of the total share capital of Durg Rajnandgaon Jagdalpur Smart Metering Private Limited (DRJSMPL).

Upon completion, DRJSMPL will become a wholly-owned subsidiary of GPSPL and a step-down subsidiary of Genus Power Infrastructures Limited. This acquisition aligns with GPSPL’s objective to undertake the AMISP Project, and the acquisition cost is ₹13,000, at a face value of ₹1 per share.

DRJSMPL, incorporated on November 6, 2023, is based in Rajasthan and focuses on manufacturing smart, advanced, and prepaid meters. The company has yet to generate turnover due to its recent incorporation, and no regulatory approvals are required for this acquisition.

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Ace investor holding of Genus Power Infrastructures:

Vikas Kothari holds a 9.06% stake in Genus Power Infrastructures Ltd, with 27,543,850 shares valued at ₹667.7 crore. His investment reflects confidence in the company’s leadership in power infrastructure, focusing on expanding smart metering and energy distribution solutions.  

Ajay Upadhyaya holds a 1.32% stake in Genus Power Infrastructures Ltd, with 4,000,000 shares valued at ₹97 crore. His strategic investment in the company highlights confidence in its growth prospects within the power infrastructure and metering sectors, supporting its market expansion efforts.

Stock performance of Genus Power Infrastructures for Period of 1 week, 6 months and 1 year:

Genus Power Infrastructures stock declined by 4.76% over the past week, reflecting short-term weakness. Over six months, it saw a significant drop of 41.9%, indicating prolonged challenges. However, the stock gained 8.09% in the past year, showcasing some recovery amidst volatility.

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Shareholding pattern of Genus Power Infrastructures:

All values in %	Dec-24	Sep-24	Jun-24
Promoters	39.39	39.34	42.66
FII	22.79	22.49	17.91
DII	3.57	3.54	4.81
Retail & others	34.27	34.62	34.62

About Genus Power Infrastructures:

Genus Power Infrastructures is a leading provider of power infrastructure solutions, specializing in smart meters, energy management, and distribution systems. It serves both domestic and international markets, supporting efficient energy consumption, and contributing to the growth of sustainable power solutions.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.