Panchthar Power Company to Proceed With Acquisition of Access Investment Company and Megha Venture Limited
Summary
Panchthar Power Company Limited has decided to proceed with acquiring its subsidiaries, Access Investment Company Pvt. Ltd. and Megha Venture Pvt. Ltd., formalizing the process with a Memorandum of Understanding in line with merger regulations.
Key Points
- Panchthar Power Company's Board approved the acquisition of Access Investment Company Pvt. Ltd. and Megha Venture Pvt. Ltd.
- An MoU will be signed to initiate the acquisition process.
- The acquisition follows Merger and Acquisition Regulations, 2079.
- Access Investment Company Pvt. Ltd. and Megha Venture Pvt. Ltd. are wholly owned subsidiaries and not publicly listed.
