CESC Limited — Important, 30-11-2024: Agreements

Purvah Green Power Private Limited (PGPPL), a subsidiary of CESC Limited, has successfully acquired 100% of Bhojraj Renewables Energy Private Limited (BREPT) through a Share Purchase Agreement. This acquisition aligns with CESC's strategy to expand its presence in the renewable energy sector, as BREPT is engaged in developing renewable energy projects. The cash consideration for this acquisition totals Rs. 4.66 crores. BREPT remains under development and has not yet commenced operations, signaling potential growth opportunities for CESC in the increasingly vital renewable energy market. Investors should watch closely as this acquisition could enhance CESC’s portfolio and position in the renewable energy landscape.