Krishna Ventures Limited to acquire Corporate Power Ltd from liquidator

Krishna Ventures Limited had submitted a proposal for acquiring "M/s Corporate Power Limited - as a Going Concern" under Section 33 read with clause 2 of the Insolvency and Bankruptcy Board of India (Liquidation Process), 2016, pursuant to the order of Hon ble NCLT.

The company's proposal has been accepted by the Liquidator and the Stakeholder committee of M/s Corporate Power Limited for the acquisition of M/s Corporate Power Limited - as a Going Concern which has 270x2 Nos Thermal Power plant at Chandwa, Ranchi. The company is in the process of initiating payments on the agreed terms with the Liquidator of the M/s. Corporate Power Limited.

Shares of Krishna Ventures Limited was last trading in BSE at Rs. 102.40 as compared to the previous close of Rs. 97.55. The total number of shares traded during the day was 5133 in over 39 trades.

The stock hit an intraday high of Rs. 102.40 and intraday low of 101.70. The net turnover during the day was Rs. 525194.00.

Source : Equity Bulls

Keywords

KrishnaVentures INE537L01010 Acquisition CorporatePower ThermalPowerPlant Ranchi