RSWM Limited agreed to pay INR 50 million to Bhilwara Energy Limited for BG Wind Power Limited. The payment will be in cash. Purchase of 2,20,50,000 equity shares with a face value of INR 10 each, representing 100% of BG Wind Power Limited’s paid up equity share capital, transforming BG Wind into a wholly owned subsidiary of RSWM Limited. BG Wind Power’s revenue for the fiscal year 2021-22 will be INR 42.5 million. The acquisition of BG Wind Power has been approved by the board of directors. Regulatory and other procedural requirements apply to the transaction. Within the next 12 months, the transaction is expected to be completed.
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