Century Enka Acquires 37 Lakh Shares in ABREL Century Energy

Century Enka Ltd. has acquired an additional 37,00,000 equity shares of ABREL Century Energy Limited (ABRELCEL) via a rights issue. This acquisition, completed on July 23, 2026, is crucial for Century Enka to maintain its minimum 26% equity shareholding in ABRELCEL, a Special Purpose Vehicle (SPV) for wind-solar hybrid energy projects. This compliance is necessary to qualify as a Captive User under the Electricity Act, 2003. The shares were acquired at par value, amounting to a cash consideration of ₹3,70,00,000, ensuring the transaction is at arm's length. ABRELCEL's current turnover is ₹1,884.40 Lakhs as of March 31, 2026. This move supports Century Enka's energy requirements and compliance with power sector regulations.