STOCK IN FOCUS - CESC

Power utility CESC Ltd on Friday (December 19) informed that its subsidiary, Purvah Green Power Private Ltd, has issued a binding letter of intent to Klasscorp Solutions Private Ltd for providing consultancy services related to the acquisition of land for a 250 MW wind farm project at Bijapur, Karnataka. CESC clarified that the promoter, promoter group, and group companies of Purvah have no interest in Klasscorp, and therefore, this is not a related party transaction.