Shares of Finolex Industries Limited declined over a percent to Rs 222 in morning trade on March 4 after the company announced that it has entered into a share purchase agreement with Hinduja Renewables One Pvt Ltd (HROPL) and Hinduja Renewables Energy Pvt Ltd to purchase solar power. "To enhance the use of renewable power, Finolex will acquire 15.30 percent of the equity share capital.