CESC-unit to acquire six ReNew Solar Power companies for ₹4,859 crore

CESC-unit's Purvah Green Power to acquire six ReNew Solar Power companies for ₹4,859 crore.

The acquisition adds 1.4 GWp to Purvah's existing 3.4 GWp contracted capacity, totaling 4.8 GWp post-acquisition.

The deal values the portfolio at an Enterprise Value of ₹4,859 crore, with ₹1,582 crore payable at closing and ₹589 crore for share capital.

The transaction is scheduled for completion before October 31, 2026, with no governmental or regulatory approvals required.