According to a BSE filing, the parties to the proposed transaction, for which a legally binding memorandum of understanding had previously been signed, had "executed a Share Purchase Agreement and finalized the transaction."
Acquisition done for Rs 18.45 crore.
McPhy Energy is a French company.
The shares of the company listed at 17.14% premium on NSE at Rs 164 and 16.43% premium on BSE at Rs 163 per share.
Vedanta is the parent company of Hindustan Zinc.
The company would keep offering creative financing options to lessen the effect on the customers.
Floor price for the offer-for-sale set at Rs 2,450 per share.
In the last privatisation round, the company had won bids to operate 6 airports of Guwahati, Ahmedabad, Jaipur, Lucknow, Thiruvananthapuram and Mangaluru.
The company has reserved about 60% of the offer for retail investors, 30% for high net-worth investors and remaining 10% for institutional investors.
The fund management team will endeavor to maintain a consistent performance in the scheme by maintaining a balance between safety, liquidity and profitability aspects of various investments.