CESC surges as its arm incorporates wholly owned subsidiary
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CESC is currently trading at Rs. 199.45, up by 4.65 points or 2.39% from its previous closing of Rs. 194.80 on the BSE.
The scrip opened at Rs. 196.45 and has touched a high and low of Rs. 200.70 and Rs. 195.55 respectively. So far 107910 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 210.00 on 27-Aug-2024 and a 52 week low of Rs. 82.45 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 201.40 and Rs. 182.10 respectively. The current market cap of the company is Rs. 26206.53 crore.
The promoters holding in the company stood at 52.11%, while Institutions and Non-Institutions held 36.20% and 11.69% respectively.
CESC’s subsidiary -- Purvah Green Power has incorporated a wholly owned subsidiary (WOS) named ‘Redgaint Renewable Power Energy’ (RRPEPL) on September 11, 2024. RRPEPL will explore opportunity in renewable power sector.
RRPEPL is a WOS of Purvah. The subscribed and paid-up capital of RRPEPL is Rs 1,00,000.
CESC is engaged in power generation and distribution in state of West Bengal. The company is a fully integrated power utility with its operation spanning the entire value chain right from mining coal, generating power and distribution of power.
