JSW Energy Ltd.

NSE: JSWENERGY | BSE: 533148 | ISIN: INE121E01018 |Industry: Electric Utilities
|Value Stock, Under Radar

JSW Energy Ltd.    
17 Feb 2020
44.40
-3.48%
JSW Energy Ltd - 533148 - Announcement under Regulation 30 (LODR)-Acquisition
BSE India
Vide our communication dated 7th October, 2019, we had informed you that the Company had entered into exclusive discussions with GMR Energy Limited ("GEL") for potential acquisition of its subsidiary, GMR Kamalanga Energy Limited ("GKEL"), which owns and operates a 1,050 MW (3x350 MW) thermal power plant in Odisha. We now wish to inform you that the Company has signed Share Purchase Agreement with GEL, pursuant to which the Company shall acquire 100% stake in GKEL for a total consideration of an amount up to Rs.5,321 crore (subject to working capital and other adjustments).
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