DPSC Limited has informed the Exchange about Sale or disposal
DPSCLTD · price
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India Power Corporation Limited (IPCL, formerly DPSC Limited) has completed the transfer of its Non-Regulated Business — covering renewable energy, smart meters, investment activities, loans and advances — to its wholly owned subsidiary IPCL Power Limited via a slump sale on a going concern basis. The Business Transfer Agreement was signed on 2nd June 2025, shareholder approval came via postal ballot on 26th June 2025, and the closing date is 28th June 2025. The purchase consideration is Rs. 18.53 crore, paid entirely through the issuance of 1.85 crore equity shares of Rs. 10 face value by IPCL Power. The transferred business contributed about 13.78% of total income (Rs. 102.66 crore) and 80.68% of net worth (Rs. 255.76 crore) in FY24-25. There is no change in the shareholding pattern of the listed company, and the transaction is classified as a related party deal done at arm's length.
This is an internal group restructuring that parks IPCL's non-regulated, higher-growth businesses under a separate subsidiary, potentially enabling focused capital raising and clearer valuation for each segment. Since no shares are issued to external parties and the subsidiary remains wholly owned, there is no immediate dilution or change in ownership for existing shareholders of DPSCLTD.