RattanIndia Enterprises Ltd acquired an additional 0.19% equity stake in RattanIndia Power Ltd (RPL) via secondary market purchase on NSE.
Post-acquisition, shareholding rose from 19.813% to 20.003%, making RPL an associate company under applicable accounting standards and Companies Act, 2013.
The cash consideration for the acquisition was Rs. 8,32,01,380, with RPL reporting turnover of Rs. 3,283.83 crore in FY2024-25.