
JSW Energy acquires renewable energy firm Virya Infrapower
It is now a step-down subsidiary.
JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy, has entered into a share purchase agreement to fully acquire Virya Infrapower Private Limited.
“The acquisition provides opportunity to acquire a ready renewable power site with necessary infrastructure to achieve accelerated project development,” JSW Energy said in a bourse filing.
The company said the transaction has an enterprise value of INR 7.54 crores and will be completed with 100% cash consideration.
Following the takeover, Virya Infrapower has become a step-down subsidiary of JSW Energy.