RattanIndia Enterprises Increases Stake in RattanIndia Power, Company Becomes Associate
RattanIndia Enterprises Limited announced on March 26, 2026, that it has acquired an additional 0.19% equity stake in RattanIndia Power Limited (RPL) through a secondary purchase on the National Stock Exchange (NSE). This investment increases RattanIndia Enterprises’ total shareholding in RPL from 19.813% to 20.003%.As a result of the acquisition, RPL has become an associate company of RattanIndia Enterprises according to applicable accounting standards and provisions of the Companies Act, 2013. The total paid-up Equity Share Capital of RPL is Rs. 5370,10,58,600, divided into 537,01,05,860 equity shares of Rs. 10 face value each.
The cost of acquisition was Rs. 8,32,01,380. The transaction was executed on the NSE at prevailing market prices and is considered an arm's length transaction.
RPL is engaged in the thermal power business. For the fiscal years 2022-2023, 2023-2024, and 2024-2025, RPL's turnover was Rs. 3,231.16 Crore, Rs. 3,364.00 Crore, and Rs. 3,283.83 Crore, respectively.
| Detail | Information |
|---|---|
| Target Entity | RattanIndia Power Limited ('RPL') |
| Shareholding Change | From 19.813% to 20.003% (0.19% increase) |
| Acquisition Method | Secondary purchase on NSE |
| Cost of Acquisition | Rs. 8,32,01,380 |
| Transaction Type | Arm’s Length |
| RPL’s FY 2022-23 Turnover | Rs. 3,231.16 Crore |
| RPL’s FY 2023-24 Turnover | Rs. 3,364.00 Crore |
| RPL’s FY 2024-25 Turnover | Rs. 3,283.83 Crore |
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