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BSE SENSEX
79,389.06
-553.12
-0.69 %
Corporate Announcement
Security Code
722652
Company
JSW Energy Ltd
Exchange Received Time
29/03/2023 19:12:41
Exchange Disseminated Time
29/03/2023 19:12:41
Time Taken
00:00:00
Acquisition Of The Renewable Energy Portfolio Of Mytrah Energy (India) Private Limited (Mytrah Energy Portfolio) By JSW Neo Energy Limited |
3/29/2023 7:12:41 PM
We refer to our earlier intimations dated 10th August, 2022 and 28th March, 2023 regarding the acquisition of a portfolio of 1,753 MW of Renewable Energy generation capacity from Mytrah Energy (India) Private Limited (MEIPL) held in 30 SPVs by JSW Neo Energy Limited (JSWNEL), a wholly-owned subsidiary of the Company. We wish to inform you that JSWNEL has completed the acquisition in a two-step process with the acquisition of 15 SPVs and 13 ancillary SPVs having a total installed capacity of 1,449 MW of renewable energy assets from MEIPL and has infused Optionally Convertible Debentures (OCDs) with a right to convert into equity in the balance 2 SPVs having renewable energy assets of 304 MW and executed binding definitive Forward Sale Agreements for these SPVs. A Press Release in this regard is also attached.
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