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CESC LTD. - Announcement under Regulation 30 (LODR)-Acquisition
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17 Jan 2021
Further to the earlier intimation vide our letter no SEC: 12488 dated 13 January 2021 on the above subject wherein we have informed the stock exchanges about the decision of the Board of Directors of the Company to reorient and reorganize the power distribution business of the Company under Eminent Electricity Distribution Limited (&apos;&apos;Eminent&apos;&apos;), a wholly-owned subsidiary of the Company, Eminent has informed us that its board of directors at its meeting held today has approved a proposal for acquisition of 23.18% of the equity share capital of Noida Power Company Limited, an Associate Company of CESC.&lt;BR&gt; In this regard enclosed please find Annexure A with the requisite details. Post this acquisition Noida Power Company Limited will become a subsidiary of the Company.
View all announcements for CESC LTD. Source: BSE India