Transaction Details
Century Enka Limited acquired 37,00,000 equity shares of ABREL Century Energy Limited (ABRELCEL), a Special Purpose Vehicle, by way of right issue. The shares were credited to the company's demat account on 23rd July 2026 after ABRELCEL completed the requisite corporate actions.
Financial Details
- Acquisition cost: ₹3,70,00,000 (3.7 crore)
- Share details: 37,00,000 equity shares of face value ₹10 each
- Price per share: ₹10 (at par value)
- Consideration type: Cash
Shareholding Impact
- Percentage holding: 26% (no change in percentage shareholding as the additional shares were acquired pursuant to a Right Issue)
- Purpose: To maintain minimum 26% equity shareholding requirement to qualify as a Captive User of the Power Producer under Electricity Act, 2003 read with Electricity Rules, 2005
Related Party Aspects
The acquisition falls within related party transactions. The company confirmed the transaction is at "arm's length" since shares were acquired at par value.
Target Company Background
ABREL Century Energy Limited:
- Incorporation date: 10th March 2022
- Business: Wind-Solar Hybrid Energy Projects (Power Generation, Distribution & Transmission industry)
- Purpose: SPV for setting up captive power projects through wind & solar energy generation
- Financial performance (audited):
- FY 2023-24: ₹1,349.44 lakhs revenue
- FY 2024-25: ₹1,949.10 lakhs revenue
- FY 2025-26: ₹1,884.40 lakhs revenue
Transaction Completion
Shares were credited to Century Enka's demat account on 23rd July 2026 after all applicable compliances and corporate actions by ABRELCEL. No governmental or regulatory approvals were required for this acquisition.
Filing Authentication
Disclosure digitally signed by Rahul Dubey, VP-Legal & Company Secretary (FCS 8145) on 23rd July 2026.