Announced Mon, 29 Jun · 17:35 IST
CESC sets up new subsidiary Purvah Energy Ventures in renewable power
CESC · price
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Price reaction · full curve 14 horizons · vs prior close
+3.0%1-day move
₹164.63
prior close
₹164.79
base price
After-mkt
timing
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+2.6+2.3+2.3+1.9+3.0+3.6+3.0+3.0+1.3-0.8+0.2———
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AI summary
CESC's subsidiary Purvah Green Power has incorporated a new wholly owned subsidiary named Purvah Energy Ventures Private Limited (PEVPL) in the renewable power sector. PEVPL was incorporated on June 24, 2026, with a paid-up capital of Rs. 1 lakh. CESC holds 87.99 percent in Purvah Green Power. PEVPL will explore opportunities in renewable energy.
Likely market impact
Minor expansion move into renewables via a new step-down WOS. Financial impact negligible as initial capital is only Rs. 1 lakh.