Morgan Ventures has received an approval to sell the wind power business consisting of wind farms situated at Erode, Kanya Kumari, Chennai and Coimbatore district in state of Tamil Nadu to Poysha Power Generation, New Delhi at a lump sum consideration of Rs 8 crore subject to adjustment for net working capital. The board of director at its meeting held on January 31, 2014 has approved for the same.
The company will sell the wind farms together with their associated assets, equipments, infrastructure, facilities, auxiliaries and utilities attached thereto including rights, liabilities, manpower, licences, permits, power purchase and other agreements, consent and approvals whatsoever respectively as undertaking as going concern(s) on as-is-where-is basis by way of slump sale. All the formalities/procedures relating to the transaction will be completed by March 31, 2014 or any other date subject to approval of the board.
Morgan Ventures generates and sells electricity from windmill operations in India. It is also involved in the fund based and non fund based activities that include managing public issues, corporate advisory, corporate-restructuring, takeovers, mergers and acquisition, etc.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 921.45 |
| Shriram Finance | 1010.75 |
| Aditya Birla Capital | 340.15 |
| Chola Invest & Fin. | 1568.70 |
| Tata Capital | 337.35 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: