To acquire stakes in two transmission projects
Adani Transmission announced the signing of Definitive Agreement with GMR Energy to acquire 74% shares of Maru Transmission Service Company (MTSCL) and 49% shares of Aravali Transmission Service Company with an option to acquire 100% in a manner consistent with Transmission Service Agreement and applicable consents. The Equity value for 100% stake of the both the projects is ascribed at Rs. 100 crore.Powered by Capital Market - Live News