JSW Energy’s wholly-owned subsidiary -- JSW Neo Energy has entered into a Share Purchase Agreement and acquired 100% shares of Virya Infrapower. Consequent to the above, Virya Infrapower has become a step-down subsidiary of the company.
The acquisition provides opportunity to acquire a ready renewable power site with necessary infrastructure to achieve accelerated project development. The transaction is for an Enterprise Value of Rs 7.54 crore, subject to post-closing adjustments in the manner set out in the Share Purchase Agreement.
JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
| View more.. | |
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