Announced Mon, 10 Aug · 12:48 IST
CESC subsidiary Purvah Green Power to acquire 1.4 GWp renewable portfolio
CESC · price
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Price reaction · full curve 14 horizons · vs prior close
-2.0%1-day move
₹163.90
prior close
₹164.38
base price
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AI summary
CESC subsidiary Purvah Green Power signs SPA to acquire 100 percent of six ReNew entities for enterprise value of INR 4859 crores. Total about 1.4 GWp solar and wind capacity. Cash consideration of INR 1582 crores at closing. Deal expected by 31 October 2026. Post deal, operational capacity rises to over 1.8 GWp and total contracted capacity to 4.8 GWp. Over 90 percent of capacity under 25 year PPAs with SECI.
Likely market impact
Major expansion of CESC renewable portfolio. Funded by parent, lifts operational capacity to over 1.8 GWp and contracted capacity to 4.8 GWp.