Announced Mon, 29 Jun · 17:31 IST
CESC step-down arm Purvah Green sets up renewable energy subsidiary
Strategic Transactions View source PDF
CESC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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 Purvah Energy Ventures Pvt Ltd (PEVPL) as a wholly owned subsidiary on June 24, 2026, receiving its incorporation certificate on June 29. PEVPL, with a paid-up capital of Rs 1 lakh, will explore opportunities in the renewable power sector. CESC holds 87.99 percent in Purvah Green Power. No related party concerns flagged.
Likely market impact
Minor step-down subsidiary formation with negligible capital outlay; extends CESC's renewable energy footprint via its existing Purvah platform.