CESC Subsidiary Acquires 1.4 GWp Operating Renewable Power Capacity in Major Portfolio Expansion
Purvah Green Power Private Limited (PGPPL), the renewable energy platform of CESC Limited, has entered into a Share Purchase Agreement for the acquisition of operational renewable power capacity. The transaction involves purchasing 100% of the share capital of six target companies from ReNew Solar Power Private Limited. Post-acquisition, these entities will become step-down subsidiaries of CESC Limited.The acquired portfolio includes assets such as ReNew Hans Urja Private Limited, ReNew Solar Photovoltaic Private Limited, ReNew Wind Energy (Karnataka 3) Private Limited, ReNew Wind Energy (MP Four) Private Limited, ReNew Wind Energy...