Acquisitions2 Jan 2026, 04:25 pm
Ceigall India Ltd to Acquire 100% Shares of Velgaon Power Transmission Limited for Rs. 5,00,000
AI Summary
Ceigall India Ltd has announced the signing of a Share Purchase Agreement to acquire 100% shares of Velgaon Power Transmission Limited (VPTL), a Wholly Owned Subsidiary of REC Power Development and Consultancy Limited. The acquisition is part of Ceigall India's expansion plans in the power transmission and distribution sector. The cost of acquisition is Rs. 5,00,000 for 50,000 equity shares of Rs. 10/- each. Post acquisition, VPTL will become a wholly owned subsidiary of Ceigall India Ltd and will be classified as a Related Party.
Key Highlights
- Acquisition of 100% shares of Velgaon Power Transmission Limited for Rs. 5,00,000
- Velgaon Power Transmission Limited to become a Wholly Owned Subsidiary of Ceigall India Ltd
- Transaction does not fall within related party transaction
- Post acquisition, VPTL and CIL will be classified as Related Parties
- Acquisition is part of Ceigall India's expansion plans in the power transmission and distribution sector