Century Enka to acquire additional stake in ABREL Century Energy

20 Aug 2022 , 01:33 AM

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 26Percentage 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