Date: September 26, 2026
Acquisition Details
Target Entity: Ranipur Chunar Power Transmission Limited
Type of Deal: 100% Acquisition
Stake/Capacity: 100% equity stake acquisition. The Special Purpose Vehicle (SPV) will establish Intra-State Transmission System for "Construction of 220/132/33 kV AIS Substation, Ranipur (Mau) and 220/132/33kV AIS Substation, Chunar (Mirzapur) with their associated lines" in the state of Uttar Pradesh for 35 years.
Deal Value: ₹500,000 (50,000 Equity Shares @ Face value of ₹10/- each)
Funding Source: Cash consideration
Financial Impact: Not disclosed in the filing. The target entity has no turnover history (last 3 years turnover: Nil).
Timeline: Acquisition completed on September 26, 2026 at approximately 11:30 a.m. IST
Strategic Rationale: The acquisition has been undertaken pursuant to the terms of the Request for Proposal (RFP) and Letter of Award for the project. The business of the target entity is in line with the Company's infrastructure business and supports the Company's strategic objective of expanding its presence in the power transmission sector.
Approval Status: Completed and executed
Reference Regulation: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Target Company Background
- Incorporation Date: December 12, 2025
- Registered with: Registrar of Companies, NCT of Delhi-I
- Authorized Share Capital: ₹500,000
- Paid-Up Share Capital: ₹500,000
- Industry: Construction/operation and maintenance of Power Transmission System Network
- Turnover History: Not applicable (new entity)
Additional Information
- The acquisition does not qualify as a related party transaction
- No promoter/promoter group/group companies have any interest in the entity being acquired
- No governmental or regulatory approvals were required for this acquisition
- The Share Purchase Agreement was executed with REC Power Development and Consultancy Limited