For consideration of Rs 315.25 cr
CESC and its six subsidiaries have today executed a Share Purchase Agreement ("SPA") with Torrent Power (the Acquirer) for sale and transfer of the entire shareholding in Surya Vidyut ('SVL') (a subsidiary company of CESC), subject to completion of closing conditions as per SP A. It may be noted that SVL is not a material subsidiary of CESC. The company and its subsidiaries will transfer the entire stake of 25,19,05,800 equity shares of Rs. 10 each fully paid at a consideration of Rs 315.25 crore. The enterprise value of Surya Vidyut is about Rs 790 crore.Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
