JSW Energy Limited (BSE:533148) entered into agreement to acquire GE Power's business related to power boilers and related components from GE Power India Limited (BSE:532309) on September 18, 2025. The consideration consists of common equity of JSW Energy Limited at a ratio of 0.072 per assets of GE Power's business related to power boilers and related components. As part of consideration, an undisclosed value is paid towards assets of GE Power's business related to power boilers and related components.
For the period ending March 31, 2025, GE Power's business related to power boilers and related components reported total revenue of INR 529.5 million. As of March 31, 2025, GE Power's business related to power boilers and related components reported total common equity of INR 203.5 million. The transaction is subject to the receipt of approval of shareholders and creditors of the GE Power' and JSW as may be directed by the Mumbai bench of Hon?ble National Company Law Tribunal approval of the NCLT, SEBI, BSE Limited and the National Stock Exchange of India Limited and such other approvals, permissions, and sanctions of regulatory and other authorities as may be necessary.
IDBI Capital Markets & Securities Limited acted as fairness opinion provider for JSW Energy Limited. RBSA Capital Advisors LLP acted as financial advisor to GE Power India Limited.
