CESC share price: Acquire 23.18% equity shares in associate company NPCL
CESC to acquire 23.18% equity shares in associate company NPCL. CESC board of directors at its meeting on Sunday has approved a proposal for acquisition of 23.18% of the equity share capital of Noida Power Company Limited (NPCL), an associate company of CESC. The cost of acquisition is at Rs325 per NPCL share and after the proposed transaction, CESC’s direct and indirect holding in NPCL will be 72.73%.
Sharekhan maintains their Buy rating on CESC with an unchanged SoTP-based price target of Rs 825: pic taken from youtube.com