Adani Transmission Ltd. (ATL), a private sector transmission and distribution company, has signed definitive agreements with Essar Power Ltd. (EPL) for acquiring 673 ckt kms operational inter-state transmission project owned and operated by Essar Power Transmission Ltd. (EPTCL). The Enterprise value for the transaction is INR 1,913 crore. Anil Sardana, MD & CEO, Adani Transmission…
International Holding Company PJSC (IHC), the Abu Dhabi based conglomerate, announced it will invest USD 2 billion as primary capital in three Adani portfolio companies – Adani Green Energy Ltd (AGEL), Adani Transmission Ltd (ATL) and Adani Enterprises Ltd (AEL). Earlier today, the boards of AGEL, ATL and AEL met and approved the transaction. The…
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…
Adani Transmission Limited (ATL) announced the appointment of Lisa MacCallum, as an independent director to bring a new level of knowledge and experience to ATL’s environment and social impact investments and Purpose-led governance and business. MacCallum, Founder of Inspired Companies, a purposeful business and brand strategy focused enterprise, is the first non-Indian national director of…
Adani Transmission Ltd (ATL), India’s largest private sector power transmission company, announced it has acquired 49% stake in Alipurduar Transmission Limited from Kalpataru Power Transmission Ltd. (KPTL) with agreement to acquire balance 51% after obtaining requisite regulatory and other approvals and in a manner consistent with Transmission Service Agreement. The share acquisition is pursuant to…
Qatar Investment Authority (QIA) has completed acquisition of 25.10% stake in Adani Electricity Mumbai Limited (AEML) from ATL along with an investment in shareholder subordinated debt in AEML (“Transaction”) on 10 February, 2020. The total QIA investment in AEML is approximately INR 3,220 Crore, which includes equity consideration of approximately INR 1,210 Crore and shareholder…