Acquisitions11 Sept 2026, 04:40 pm
Ceigall India Acquires 100% Stake in JKJTL for ₹5 Lakh
AI Summary
Ceigall India Ltd's Board of Directors has approved the signing of a Share Purchase Agreement to acquire 100% of Jam Khambhaliya Jamnagar Power Transmission Limited (JKJTL) from REC Power Development and Consultancy Limited. This acquisition is a condition for undertaking the 'Common Transmission System' project awarded to Ceigall India. The company will also invest in a 49% equity stake in a proposed Joint Venture. The total consideration for JKJTL is ₹5,00,000. This move is strategic for Ceigall India to secure and execute the awarded power transmission project.
Key Highlights
- Ceigall India to acquire 100% stake in JKJTL for ₹5 Lakh.
- Acquisition is a condition for a major power transmission project.
- Company will also take a 49% equity stake in a new JV.
- Transaction is not a related party transaction.
- Acquisition aims to secure project execution capabilities.
Price Impact
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