CESC Limited has made a disclosure under Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the incorporation of a new subsidiary company.
Key Quantitative Figures
- NPPL's subscribed and paid-up capital: ₹1,00,000 (Rupees One Lakh Only)
- CESC's ownership in Crescent Power Limited: 67.83%
- Date of incorporation: June 30, 2026
Parties Involved
- CESC Limited (listed entity)
- Crescent Power Limited (subsidiary of CESC)
- Novarion Power Private Limited (newly incorporated WOS of Crescent Power)
Business Details
- Industry: Renewable power sector
- Business purpose: NPPL will explore opportunities in renewable power sector
- Turnover: Not applicable as it is a newly incorporated company
Ownership Structure
- NPPL is a wholly owned subsidiary of Crescent Power Limited
- Crescent Power Limited is a subsidiary of CESC Limited (67.83% ownership)
- The incorporation does not constitute a related party transaction
- Promoter/promoter group/group companies have no interest in NPPL beyond the stated ownership structure
Regulatory Aspects
- No governmental or regulatory approvals required for the incorporation
- Not applicable for completion timeline as it is a newly incorporated entity
Financial Impact
- Initial capital investment: ₹1,00,000
- The acquisition is complete as of the incorporation date (June 30, 2026)
- No additional consideration details beyond the paid-up capital