Earlier this month, the company had stated in a filing that the cost of acquisitions were Rs 280.10 crore for SPPL and Rs 329.30 crore for EREPL. The consideration for the acquisition was cash.
“All the related steps/activities for acquisition of 100 per cent equity shares of SPPL and EREPL have now been completed,” a BSE filing stated.
Earlier this month, the company had stated in a filing that the cost of acquisitions were Rs 280.10 crore for SPPL and Rs 329.30 crore for EREPL. The consideration for the acquisition was cash.
SPPL is yet to commence commercial activities. Its authorised share capital is Rs 74,01,00,000 and paid up share capital is Rs 67,91,00,000. It is involved in infrastructure development activities. The object of acquisition is to set up infrastructure facilities.
EREPL has also not commenced commercial activities. Its authorised share capital is Rs 80,01,00,000 and paid up share capital is Rs 74,01,00,000. The consideration for the acquisition was cash.