Emeren Group gains after decision to go private in about $103 mln deal

Emeren

20/06/2025 11:01

** Shares of U.S.-based solar firm Emeren Group SOL.N rise 6.7% to $1.90 premarket

** Company on Thursday said it will go private in a $102.6-million deal with Shurya Vitra, backed by SOL's chairman Himanshu Shah

** Shurya Vitra will buy SOL for $2 per American Depositary Share in cash

** As of last close, SOL shares were down 12.3% YTD

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))