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| Exchange Received Time 28/08/2018 14:35:23 Exchange Disseminated Time 28/08/2018 14:35:30 Time Taken 00:00:07 | Further to our communication dated 4th January, 2018, we wish to inform you that the Power Purchase Agreement (PPA) executed between AMPSolar Farms Private Limited and the Company for acquisition of 2600 Equity Shares of Rs.10/- each (i.e. 26% of the paid up capital) has been mutually terminated since the open access approval to the project under PPA was not granted by the Rajasthan State Authorities.
In view of the above, 2600 Equity Shares of AMPSolar Farms Private Limited acquired on 4th January, 2018 under the Group Captive Scheme is being transferred back to AMPSolar Group at face value of Rs.10/- each.
This is for your kind information and record please.
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