The Raksha Trust acquired Mytrah Energy for £1.1bn. The Offer provides an attractive opportunity for MEL Shareholders to realise their shareholdings at a premium in cash. REHL's offer represents a premium of approximately 63.6% to the Closing Price of 27.5 pence per MEL Share on 3 April 2018. Commenting on the Offer, Russell Walls, Senior Independent Director of MEL, said: "This Offer enables MEL shareholders to realise value today in cash for their shares at a significant premium to the recent historical share price, which, in the Independent MEL Directors' view, has been negatively impacted by sentiment towards the Indian economy and the power and infrastructure sector in particular, as well as by the Company's capital and ownership structure. We believe that, in these circumstances, the Offer is an acceptable outcome for all MEL stakeholders."