Poysha Power Generation Private Limited agreed to acquire wind power business from Morgan Ventures Limited (BSE:526237) for INR 80 million on January 31, 2014. The wind energy business will be sold by way of slump sale. The transaction was approved by Board of Directors of Morgan Ventures on January 31, 2014. The transaction is expected to close by March 31, 2014.

Poysha Power Generation Private Limited cancelled the acquisition of wind power business from Morgan Ventures Limited (BSE:526237) on January 31, 2015.