 "Adani power")
Adani Power on Thursday said that it has inked a pact to sell 100 per cent stake in Support Properties Private Ltd (SPPL) to AdaniConnex Private Ltd (ACX) at an enterprise value of Rs 1,556.5 crore.
"Adani Power Ltd has entered into a Memorandum of Understanding (MoU) to sell its 100 per cent equity stake in its wholly-owned subsidiary Support Properties Private Ltd (SPPL) to AdaniConnex Private Ltd (ACX)," a BSE filing stated.
It stated that the enterprise valuation is Rs 1,556.5 crore subject to adjustments on closing date. ACX is a 50:50 joint venture between Adani Enterprises Limited, which
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