Acquisitions26 Mar 2026, 06:11 pm
RattanIndia Enterprises Acquires Additional 0.19% Stake in RattanIndia Power, Now an Associate Company
AI Summary
RattanIndia Enterprises Ltd. has acquired an additional equity stake of 0.19% in RattanIndia Power Limited (RPL) through a secondary purchase. This acquisition has resulted in RPL becoming an associate company of RattanIndia Enterprises. The acquisition was done at arm's length through transactions executed on NSE at prevailing market prices. RPL is a thermal power company incorporated in 2007, with a turnover of approximately Rs. 3,283.83 Crore in FY 2024-2025. The cost of acquisition was Rs. 8,32,01,380/-.
Key Highlights
- RattanIndia Enterprises acquires 0.19% additional stake in RattanIndia Power Limited
- RPL becomes an associate company of RattanIndia Enterprises
- Acquisition done at arm's length through NSE at prevailing market prices
- RPL is a thermal power company incorporated in 2007
- RPL has a turnover of approximately Rs. 3,283.83 Crore in FY 2024-2025