Acquisitions10 Feb 2026, 05:10 pm
Genus Power Infrastructures Ltd. Acquires Step-Down Subsidiaries HP C ZONE and GAP-3 SPV
AI Summary
Genus Power Infrastructures Ltd. has entered into a Share Purchase Agreement (SPA) on February 10, 2026, to acquire 100% equity stake of Himachal Pradesh C Zone Smart Metering Private Ltd. (HP C ZONE) and Genus Assam Package-3 SPV Limited (GAP-3 SPV) from Genus Power Solutions Private Limited. Upon completion of this transaction, HP C ZONE and GAP-3 SPV will become direct wholly-owned subsidiaries of the Company. The acquisition aligns with the Company’s strategic objectives of execution of Advanced Metering Infrastructure Service Provider (AMISP) Contract. The total consideration for the acquisition is Rs. 1,00,000 for 1,00,000 equity shares, representing 100% of the equity share capital of both the entities.
Key Highlights
- Genus Power Infrastructures Ltd. to acquire 100% equity stake of HP C ZONE and GAP-3 SPV
- Total consideration of Rs. 1,00,000 for the acquisition
- Acquisition aligns with the Company’s strategic objectives of execution of AMISP Contract
- HP C ZONE and GAP-3 SPV to become direct wholly-owned subsidiaries of the Company
- Acquisition expected to be completed within 30 days