CESC subsidiary Purvah Green Power to merge with RPSG Energy Services

Scheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

CESC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹165.51

prior close

₹166.00

announcement price

After-mkt

timing

Nifty Smallcap 250market+1.4%-1.0% vs market

Power peers, median of 36sector · industry level+0.8%-0.5% vs sector

On the reaction day the stock moved 1.0 pts less than Nifty Smallcap 250 and 0.5 pts less than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.6

10m

+0.6

15m

+0.2

30m

+0.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3+1.4-1.0+0.8-0.5

Next day

-0.8+1.5-2.3+0.8-1.5

-1.3+2.2-3.6+0.4-1.7

-2.0+2.4-4.4-0.2-1.8

-1.0+2.4-3.4-0.8-0.2

-0.5+2.4-2.9-0.9+0.4

-1.8+2.3-4.2-2.3+0.4

15d

-6.1+2.5-8.7-2.9-3.2

-10.6+2.9-13.5-5.9-4.7

-19.3-1.5-17.8-8.2-11.1

-22.1-4.8-17.3-9.5-12.6

UpDownMarket · Nifty Smallcap 250Sector · Power peers, median of 36Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.