Purvah Green Power Acquires Deshraj Solar Energy
Purvah Green Power, a subsidiary of CESC, has entered into a Share Purchase Agreement (SPA) to acquire Deshraj Solar Energy Pvt. Ltd. on a fully diluted basis.
October 16, 2024. By Mrinmoy Dey
Deshraj Solar Energy is engaged in the business of development of a solar PV power plant of 300 MW capacity in India and its related activities.
Post the completion of acquisition of shares, Deshraj Solar Energy will become a step-down subsidiary of the company.
Earlier this month, Purvah Green Power, signed a term sheet to acquire Bhojraj Renewables Energy for developing a 150 MW solar and 300 MW wind project, with the acquisition set at INR 108.56 crore.
Last month, the company entered into a binding term sheet with Ecoren Energy India for setting up wind power projects up to 686.85 MW.
Purvah Green Power also won a tender from CESC through TBCB to develop 300 MW ISTS-connected solar PV plant.
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