Announced Thu, 23 Jul · 18:39 IST
Century Enka acquires additional shares in ABREL Century Energy
CENTENKA · price
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Price reaction · full curve 14 horizons · vs prior close
+2.4%1-day move
₹565.10
prior close
₹555.35
base price
After-mkt
timing
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AI summary
Century Enka acquired 37 lakh additional equity shares of ABREL Century Energy Ltd (ABRELCEL), its group SPV for wind-solar hybrid power projects, at par value for Rs 3.70 crore. The shares were received via a rights issue. ABRELCEL posted revenue of Rs 1,884.40 lakh in FY26. The acquisition is to maintain the 26% minimum shareholding required under the Electricity Act, 2003 to qualify as a captive user. The transaction is a related party deal done at arms length.
Likely market impact
Routine compliance with captive power user rules; no change in equity stake or ownership percentage. Nil material impact on financials.