JSW Energy Limited (BSE:533148) signed a letter of intent to acquire 74% stake in KSK Mahanadi Power Company Limited on January 13, 2025. A cash consideration will be paid by JSW Energy Limited towards the common equity of KSK Mahanadi Power Company Limited.

The transaction is subject to approval by regulatory board / committee and subject to antitrust regulations. RBSA Capital Advisors LLP acted as financial advisor in the transaction. AZB & Partners led by Suharsh Sinha, Avinash Subramanian, Qais Jamal and Vivek Shett acted as legal advisor to JSW Energy Limited.

As of February 14, 2025, the transaction has been approved by the National Company Law Tribunal, Hyderabad bench.

As of March 4, 2025, the transaction has been approved by the Competition Commission of India.

JSW Energy Limited (BSE:533148) completed the acquisition of 74% stake in KSK Mahanadi Power Company Limited for approximately INR 160 billion on March 6, 2025.
The secured financial creditors collectively hold the balance 26% stake in KSK Mahanadi Power Company Limited.

For the period ending March 31, 2024, KSK Mahanadi Power Company Limited reported total revenue of INR 54.75 billion.