CESC acquires 100 per cent stake in Bhadhla 3 SKP Green Ventures

CESC Limited has entered into a share purchase agreement by Purvah Green Power Private Limited, (a step-down subsidiary of CESC, for acquisition of 100 per cent of share capital (on a fully diluted basis) of Bhadla 3 SKP Green Ventures Private Limited from SKP Green Ventures Private Limited.
Purvah has completed the acquisition of 10,000 equity shares of Rs 10 each, representing 100 per cent of the issued and paid-up share capital (determined on a fully diluted basis) of Bhadla Three SKP Green Ventures for a total sale consideration of Rs 38.4 million. Bhadla 3 SKP Green Ventures is engaged in the business of development of a renewable solar park of 300 MW capacity at Nokh and Gelaba Camp Village, Pokaran Tehsil in Phalodi District, Rajasthan.