CESC and its six subsidiaries have executed a Share Purchase agreement (SPA) with Torrent Power 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 SPA. It may be noted that SVL is not a material subsidiary of CESC.
CESC is engaged in power generation and distribution in state of West Bengal. The company is a fully integrated power utility with its operation spanning the entire value chain right from mining coal, generating power and distribution of power.
