Investment13 Nov 2024, 03:24 am
EPL Ltd Infuses Rs. 4,16,27,392 in CMAPL for Captive Power Generation
AI Summary
EPL Ltd has infused Rs. 4,16,27,392 towards further acquisition of 46,048 equity shares of CMAPL on a right basis. This is in line with the terms of the Share Purchase Agreement and in compliance with the Group Captive Power Policy. CMAPL is a Special Purpose Vehicle incorporated for developing a captive power generation facility for EPL Ltd, under the Group Captive Power policy and it has not commenced its operations.
Key Highlights
- EPL Ltd infuses Rs. 4,16,27,392 in CMAPL for further acquisition of 46,048 equity shares on a right basis.
- The acquisition is in line with the terms of the Share Purchase Agreement and in compliance with the Group Captive Power Policy.
- CMAPL is a Special Purpose Vehicle incorporated for developing a captive power generation facility for EPL Ltd.
- CMAPL has not commenced its operations.
- The transaction is conducted at arm's length as none of the promoter/ promoter group/ group companies have any interest in CMAPL.