Adani Power has received an approval to divest its holding of 90.91% equity shares in Adani Transmission (India) to Adani Transmission, a wholly owned subsidiary of Adani Enterprises subject to requisite approvals, if any. The board of directors at their meeting held on January 16, 2015, has approved for the same.
Adani Power is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.
