CESC executes SPA with Torrent Power for sale, transfer of entire shareholding in Surya Vidyut

22 Sep 2021 Evaluate

CESC and its six subsidiaries have executed a Share Purchase agreement (SPA) with Torrent Power for sale and transfer of the entire shareholding in Surya Vidyut (SVL) (a subsidiary company of CESC), subject to completion of closing conditions as per SPA. It may be noted that SVL is not a material subsidiary of CESC.

CESC is engaged in power generation and distribution in state of West Bengal. The company is a fully integrated power utility with its operation spanning the entire value chain right from mining coal, generating power and distribution of power.

CESC Share Price

188.55 5.40 (2.95%)
31-Oct-2024 16:01 View Price Chart
Peers
Company Name CMP
NTPC 408.10
Tata Power 440.05
Power Grid Corp 321.20
Adani Power 592.85
Torrent Power 1820.25
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