CESC subsidiary gets LoI for Rs 871cr deal to acquire Chandigarh power distribution after 3yr delay

After a three-year delay due to legal challenges, CESC subsidiary Eminent Electricity Distribution Ltd has received approval to acquire the Chandigarh electricity distribution company for Rs 871 crore. The deal, won in 2021, was stalled by employee petitions but is now expected to be finalized within a month.