Acquisition History / CESC Ltd / Chandigarh Power Distribution Limited
CESC Ltd Acquires Chandigarh Power Distribution Limited
Announced January 31, 2025 — $98.4M
What happened
Chandigarh Power Distribution Limited (incorporated April 2022) holds the electricity distribution business of the Union Territory of Chandigarh, transferred under the Chandigarh Electricity Reforms Transfer Scheme 2025. Kolkata-listed utility CESC agreed to acquire 100% of the company from the Chandigarh administration for a cash consideration of Rs 871 crore.
- Acquirer
- CESC Ltd
- Target
- Chandigarh Power Distribution Limited
- Announced
- January 31, 2025
- Price
- $98.4M
- Industry
- Electricity distribution
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did CESC Ltd acquire Chandigarh Power Distribution Limited?
CESC Ltd acquired Chandigarh Power Distribution Limited on January 31, 2025. This was CESC Ltd's 1st publicly tracked acquisition out of 1 we have on record.
How much did CESC Ltd pay for Chandigarh Power Distribution Limited?
CESC Ltd paid $98.4M for Chandigarh Power Distribution Limited.
What does Chandigarh Power Distribution Limited do?
Chandigarh Power Distribution Limited (incorporated April 2022) holds the electricity distribution business of the Union Territory of Chandigarh, transferred under the Chandigarh Electricity Reforms Transfer Scheme 2025. Kolkata-listed utility CESC agreed to acquire 100% of the company from the Chandigarh administration for a cash consideration of Rs 871 crore.
What other Electricity distribution companies has CESC Ltd acquired?
Chandigarh Power Distribution Limited is CESC Ltd's only publicly tracked acquisition in Electricity distribution so far.