CESC restructures into four entities

CESC Limited has unveiled its restructuring plan whereunder it will be divided into four companies in a move that is aimed at unlocking value and ensuring the efficient management of each of the verticals. The power distribution business will continue to be under CESC Limited, the power generation business will be housed in CESC Generation, the retail business (Spencer’s) will be carved into a separate company, while all other non-power businesses will be under CESC Ventures.