◂ Announcements

Nov 1, 2021ACQUISITIONMadhya Pradesh, India

Adani Transmission acquires MPPTPL from RECPDCL

Adani Transmission signed a share purchase agreement to acquire 100% of MP Power Transmission Package-II Limited from REC Power Development and Consultancy for a capex of Rs 1,200 crore.

Value

$160.0M (12.0B INR)

Status

Announced

Capacity

1,000 ckt kms of transmission lines

Productstransmission linesair insulated substations

CompaniesAdani Transmission acquirer REC Power Development and Consultancy target MP Power Transmission Package-II Limited target

Sectors#Power Generation Equipment

“The Company has entered into a Share Purchase Agreement with REC Power Development and Consultancy Limited on 1st November 2021 to acquire its entire stake in MPPTPL.”psuwatch.com

1 source
psuwatch.comAdani Transmission signs SPA with RECPDCL for acquisition of MPPTPLPSU Watch BureauNov 1, 2021

Summarized from public sources; check the original articles before acting on it.

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