Adani Transmission Ltd arm acquires Adani Green Energy Thirty Ltd

Khavda-Bhuj Transmission Limited (KBTL), a Wholly Owned Subsidiary of Adani Transmission Ltd has pursuant to the Share Purchase Agreement dated 31st March, 2023 entered with Adani Renewable Energy Holding Four Limited (AREHFL), acquired entire stake of Equity Shares representing 100% of the total issued, paid-up and subscribed Equity Share Capital of Adani Green Energy Thirty Limited.

Adani Transmission Limited through its special purpose vehicle is executing project to establish Transmission scheme for evacuation of 3 GW RE injection at Khavda Pooling station under Phase I.

This acquisition will further strengthen to shape one of the country's largest solar and wind farms.

Shares of Adani Transmission Limited was last trading in BSE at Rs. 997.90 as compared to the previous close of Rs. 1002.25. The total number of shares traded during the day was 73020 in over 6320 trades.

The stock hit an intraday high of Rs. 1044.00 and intraday low of 974.40. The net turnover during the day was Rs. 73700158.00.

Source : Equity Bulls

Keywords

AdaniTransmission INE931S01010 SPA AdaniRenewableEnergyHoldingFour AdaniGreenEnergyThirty