CESC has announces its demerger into three entities instead of the earlier planned four-way merger. The change in decision was on account of a delay in receiving approval regulatory approval for power purchase agreement (PPA) between the distribution and generation companies from West Bengal State Electricity Regulatory Commission (WBSERC). Under the new demerger scheme, CESC will be demerged into three entities viz. CESC, new retail and venture companies. CESC will continue to have generation and distribution business along with other power...