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The company also stated that this project will strengthen Haryana’s power supply for households, industries, and agriculture.
As of 1 April 2025, the business reported an order book of ₹71,650 Crore.
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Sula added that it intends to seek rectification or move an appeal against the assessment.
Once the demerger takes effect, Executive Director Girish Wagh will assume charge as Executive Director and CEO of TMLCV.
The company noted that this transaction is aligned with the stated objects of Brigade Hotel Ventures’ initial public offering (IPO).
The announcement came alongside the company’s first-quarter financial results for FY26, which reflected a slowdown.
Guha’s current tenure ends on November 30, 2025, after which he will continue to lead the company under the new term.
The IPO comprises a fresh issue of 21 crore equity shares and an offer for sale of 26.58 crore shares
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