Shares of Adani Transmission fell 7.35% in three trading sessions to settle at Rs 127.35
For fiscal 2017, the company reported a 13.17% increase in net profit
According to ATL, on completion of this acquisition, its transmission network is set to reach about 10,350 ckt kms
The stock hit a record high of Rs 52.80, up 13% on the BSE in intra-day trade
Now, Adani Transmission's cumulative network will reach 10,900 circuit km, out of which 9,000 circuit km are under operation
Relaince Infra signed a binding term sheet agreement, selling its power transmission assets to ATL for over Rs 2k crore
The total income from operations during the April-June quarter increased to Rs 632.01 crore
The Adani group has been on a buying spree in the power and port sectors
Picks 74% stake in Maru Transmission, 49% in Aravali Transmission for Rs 100 crore
Currently, 74% stake in MTSL and 49% stake in ATSL will be transferred to ATL with an option to acquire the balance stakes in both the projects
The outlook is for its proposed issuance of Indian rupee-denominated senior secured notes