CESC Subsidiary Purvah Green Power to Merge with RPSG Energy Services

CESC Ltd's subsidiary, Purvah Green Power Private Limited, has approved the amalgamation of RPSG Energy Services Limited with itself. Both entities operate in the renewable energy sector. Purvah Green Power, the transferee company, reported total assets of ₹2,926.37 Crore and revenue of ₹1,097.61 Crore for FY2026. RPSG Energy Services, the transferor company, had total assets of ₹271.24 Crore. The merger aims to consolidate renewable energy portfolios, generate operational and commercial synergies, and enhance cost and quality control by integrating module manufacturing. The transaction, though between related parties, is valued at an arm's length basis, with a share exchange ratio of 491 equity shares of Purvah for every 100 shares of RPSG Energy. The scheme awaits approvals from NCLT and shareholders.