JSW Energy announced that its wholly-owned subsidiary, JSW Neo Energy has entered into a share purchase agreement and acquired 100% shares of Virya Infrapower
Virya Infrapower is engaged in the business of development of renewable projects in India and its related activities.
The acquisition provides the opportunity to acquire a ready renewable power site with necessary infrastructure to achieve accelerated project development.
The transaction, valued at an enterprise value of Rs 7.54 crore, involves the acquisition of 100% of the equity shares of Virya Infrapower. The deal was closed on the same day the Share Purchase Agreement (SPA) was signed. The acquisition is subject to post-closing adjustments as specified in the SPA and will be settled with 100% cash consideration.
Virya Infrapower has become a step-down subsidiary of the company.
The official announcement was made on 12 March 2025, after the market hours.
