Prism Johnson : Agreements/Contracts/Arrangements/ MOU's PARA B

The National Stock Exchange Limited,

The BSE Limited,

Exchange Plaza,

Corporate Relationship Department,

Bandra-Kurla Complex,

P. J. Towers,

Bandra (E),

Dalal Street, Fort

Mumbai - 400 051

Mumbai - 400 023

Code : PRSMJOHNSN

Code : 500338

a)

Name of the target entity, details in

:

Renew Green (MPR Two) Private Limited.

brief such as size, turnover, etc.

b)

(i) Whether the acquisition would fall

:

(i) The proposed acquisition does not fall

within related party related party

within related party transactions.

transaction(s)

(ii) Whether the promoter/promoter

(ii) The promoter/promoter group have no

group/group companies have any

interest in the entity being proposed for

interest in the entity being

acquisition.

acquired?

(iii) N. A.

(iii) If yes, nature of interest and

details thereof and whether the

same is done at "arm's length"

c)

Industry to which the entity being

:

Wind Power

acquired belongs

d)

Objects and effects of acquisition

:

To reduce overall cost of production by

setting up captive wind power project

e)

Brief details of any governmental or

:

N. A.

regulatory approvals required for the

acquisition

f)

Indicative time period

:

By December 2023

g)

Nature of consideration

:

Cash consideration

h)

Proposed cost of acquisition

:

₹ 25.20 Crores

i)

Percentage of shareholding proposed

:

45% of equity shareholding

to be acquired

j)

Brief background about the entity

:

Renew Green (MPR Two) Private Limited

is an SPV incorporated in April 2022 by

ReNew Green Energy Solutions Private

Limited for development of a 24 MW

captive wind power project at Runija, Dhar

District, Madhya Pradesh.