DPSC: offer for sale opens today

Power Trust (established pursuant to the scheme of arrangement and amalgamation ), a shareholder Indian Power Corporation Ltd plans to sell 32.538 crore shares of the face value of Re 1 each, representing 20.62 per cent of post amalgamation paid up equity share capital of DPSC. SREI Group had announced amalgamation of its listed power distribution arm DPSC with group outfit India Power Corporation. The integrated entity will be named as India Power.