CESC Limited has announced the incorporation of a new Wholly Owned Subsidiary (WOS) named Purvah Bikaner V Two Power Private Limited, effective March 13, 2026. This new entity, established under its subsidiary Purvah Green Power Private Limited, will focus on exploring opportunities within the renewable power sector. The subscribed and paid-up capital for the new subsidiary is set at Rs. 1,00,000/-, marking a strategic expansion for the group in green energy.
Formation of New Wholly Owned Subsidiary
CESC Limited formally announced the establishment of a new subsidiary company on March 13, 2026. This entity, named Purvah Bikaner V Two Power Private Limited (PBTPPL), has been incorporated as a Wholly Owned Subsidiary (WOS) of Purvah Green Power Private Limited (Purvah), which itself is a subsidiary of CESC.
Strategic Focus and Capitalization
The primary business objective for PBTPPL is to explore opportunities in the renewable power sector. As a newly incorporated company, it currently has no turnover.
The details regarding the capitalization are as follows:
- The subscribed and paid-up capital of PBTPPL is Rs. 1,00,000/- (Rupees One Lakh Only).
- This incorporation is a further step down the chain, as CESC holds 87.99% in Purvah, which now wholly owns PBTPPL.
Compliance and Transaction Details
Since PBTPPL is a newly incorporated entity, the transaction does not fall under related party transactions. Furthermore, there are no governmental or regulatory approvals required at this stage beyond the standard incorporation processes. The acquisition structure is internal, involving the incorporation by the intermediate subsidiary, Purvah.
The official date of incorporation for the new venture is confirmed as March 13, 2026.
Source: BSE
