CESC's subsidiary Purvah Green Power to acquire 1.4 GWp solar portfolio for ₹4859 crore
CESC · Power
Key highlights
- Purvah Green Power Private Limited will acquire 100% shares of six renewable energy companies from ReNew Solar Power for ₹4859 crore enterprise value.
- The acquisition includes 1.4 GWp operational solar capacity across Rajasthan and Karnataka, funded by the parent company, closing before 31 October 2026.
- Post-acquisition, Purvah Green’s total contracted capacity will increase from 3.4 GWp to 4.8 GWp, with 1.8 GWp operational and 3 GWp under construction, plus 2.2 GWh battery capacity.
Why it's rated notable: the amount is 28% of market value (20% to 50%)
Original filing
Announcement under Regulation 30 (LODR)-Acquisition
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Potential multibaggers · Q2 FY27
Potential multibaggers in Power
on management's own guidance
- Strong growth2
- Strong growth1
- Adani PowerGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.