K.P. Energy Limited has informed the Exchange about Disinvestment In Project Specific Special Purpose Vehicle (SPV) Of The Company.
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K.P. Energy Limited has sold its entire 51% stake (5,100 equity shares) in its subsidiary Evergreen Mahuva Windfarms Private Limited (EMWPL) for a total consideration of Rs. 51,000 (Rs. 10 per share). EMWPL was originally created as a project-specific SPV for a 30MW Wind Power Project under a PPA with GUVNL, but the project was ultimately executed and commissioned directly by KPEL without using the SPV structure. The SPV never commenced any operations and had no turnover or revenue. The buyer is an individual unrelated to the promoter group, and the transaction is not a related-party deal. Completion date is July 29, 2025.
This is a routine housekeeping transaction with negligible financial impact — the SPV was a non-operational shell, the wind power project was already delivered directly by KPEL, and the sale price is only Rs. 51,000. No material effect on shareholders or stock price is expected.