Divestment26 Sept 2026, 04:03 pm
REC Sells Ranipur Chunar Power Transmission SPV for ₹1.88 Cr
AI Summary
REC Power Development and Consultancy Limited (RECPDCL), a subsidiary of REC Limited, has divested its entire shareholding in Ranipur Chunar Power Transmission Limited. The sale, completed on September 26, 2026, involved 50,000 equity shares and included all assets and liabilities. The transaction yielded a consideration of ₹1,88,49,228 (including taxes), determined as per Ministry of Power guidelines. The successful bidder, H G Infra Engineering Limited, does not belong to the promoter group. This divestment marks Ranipur Chunar Power Transmission Limited as no longer a subsidiary of RECPDCL or REC Limited.
Key Highlights
- REC subsidiary RECPDCL sold Ranipur Chunar Power Transmission SPV.
- Sale consideration received is ₹1.88 Cr, including taxes.
- Transaction completed on September 26, 2026.
- Buyer is H G Infra Engineering Limited, not a promoter group entity.
- SPV is no longer a subsidiary of REC Limited.
Price Impact
More from RECLTD