CESC subsidiary Purvah Green Power to merge with RPSG Energy Services

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

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AI summary

CESC's subsidiary Purvah Green Power will merge with RPSG Energy Services via a scheme of amalgamation under Sections 230-232 of the Companies Act 2013. Share exchange ratio: 491 shares of Purvah (face value INR 10) for every 100 shares of RPSG Energy. Purvah has total assets of INR 2,926.37 Cr and FY26 revenue of INR 1,097.61 Cr. RPSG Energy has total assets of INR 271.24 Cr. Both operate in renewable energy. Scheme is subject to NCLT approval. No change in CESC shareholding.

Likely market impact

Consolidates renewable energy portfolio under CESC subsidiary. No direct change to CESC shareholding. Subject to NCLT and shareholder approvals.