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Century Enka to acquire additional stake in ABREL Century Energy

Century Enka to acquire additional stake in ABREL Century Energy

August 17, 2022 7:41 IST | capital market
Century Enka is acquiring additional 2155400 equity shares of ABREL Century Energy, a Special Purpose Vehicle (SPV) by way of right issue. The said acquisition is required to maintain minimum twenty-six percentage (26%) of the equity shares of the Power Producer to qualify as a Captive User of the Power Producer as per theprovisions of the Electricity Act, 2003 read with Electricity Rules, 2005.Powered by Capital Market - Live News

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