Adani Transmission, an Ahmedabad-based electric power transmission company, announced the acquisition of 100% stake in Karur Transmission Limited from PFC Consulting Limited.
According to the company’s exchange filing, “We would like to inform that the Company has signed Share Purchase Agreement with PFC Consulting Limited on 18th January, 2022 for acquisition of its entire stake in Karur Transmission Ltd.”
“The Company has entered into a Share Purchase Agreement with PFC Consulting Ltd. on 18th January, 2022 to acquire entire stake of Equity Shares representing 100% of the total issued, paid-up and subscribed Equity Share Capital in KTL,” the company adds.
With this acquisition, ATL will exceed 18,500 ckt km of transmission lines and 38,600 MVA transformation capacity. ATL also operates a distribution business serving about 3 million customers in Mumbai, the statement said.
KTL is incorporated on 20th November, 2019 and have presence in India.
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