GE Power India Limited has officially completed the sale and transfer of its Hydro Business to GE Vernova Hydro Power India Private Limited (formerly GE Power Electronics (India) Private Limited) on a going concern basis, the company announced on March 31, 2025.
The deal was executed through a slump sale as per the terms of the Business Transfer Agreement (BTA) dated July 15, 2024, and its subsequent amendments. This marks the formal closure of a series of announcements that began with initial intimation on July 10, 2024, followed by updates on July 15, July 16, and August 14, 2024.
Key Update:
As part of the transaction, Mr. Senthil Velan, Business Head – Hydro, will no longer be part of the senior management of GE Power India, effective March 31, 2025.
The company has filed this update in compliance with Regulation 30(7) of SEBI (LODR) Regulations, 2015.
This strategic sale reflects GE Power India’s ongoing business restructuring and aligns with GE Vernova’s global reorganization of its energy-related operations under specialized verticals.
Disclaimer: This article is based on official exchange filings and is for informational purposes only. It does not constitute financial or investment advice. Investors are advised to consult financial professionals before making any decisions.
