Don’t miss the latest developments in business and finance.

Century Enka to acquire additional stake in ABREL Century Energy

Image
Capital Market
Last Updated : Aug 17 2022 | 7:50 PM IST
Century Enka is acquiring additional 2155400 equity shares of ABREL Century Energy, a Special Purpose Vehicle ('SPV') by way of right issue.

The said acquisition is required to maintain minimum twenty-six percentage (26%) of the equity shares of the Power Producer to qualify as a Captive User of the Power Producer as per theprovisions of the Electricity Act, 2003 read with Electricity Rules, 2005.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Aug 17 2022 | 7:41 PM IST

Next Story