Avenue Supermarts has received approval to acquire 26% stake in the equity share capital of FP Ampere Energy, a wholly owned subsidiary of Fourth Partner Energy. To enhance the renewable based power consumption, the Company will acquire and maintain 26% equity stake in FPAEPL throughout the term of the project to maintain captive status as per Electricity Act and Rules thereunder.
The cost of acquisition is up to Rs 2 crore. The Board of Directors at their meeting held on March 16, 2024 has approved the same.
| Company Name | CMP |
|---|---|
| Avenue Supermarts | 4605.65 |
| Trent | 4242.85 |
| Vishal Mega Mart | 118.55 |
| Aditya Birla Lifesty | 104.70 |
| PN Gadgil Jewellers | 669.85 |
| View more.. | |
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