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Adani Power inches up on buzz of engaging in talks for buying Adhunik Power

11 Mar 2015 Evaluate

Adani Power is currently trading at Rs. 52.30, up by 0.05 points or 0.10% from its previous closing of Rs. 52.25 on the BSE.

The scrip opened at Rs. 52.50 and has touched a high and low of Rs. 53.20 and Rs. 51.50 respectively. So far 578180 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 68.50 on 26-May-2014 and a 52 week low of Rs. 38.80 on 17-Dec-2014.

Last one week high and low of the scrip stood at Rs. 60.00 and Rs. 51.90 respectively. The current market cap of the company is Rs. 14962.71 crore.

The promoters holding in the company stood at 75.00 % while Institutions and Non-Institutions held 7.32 % and 17.68 % respectively.

Adani Power is reportedly in advanced talks with Adhunik Group to buy Adhunik Power. The deal negotiations are hovering between Rs 3,500 to 4,000 crore which is the expected enterprise value of Adhunik Power. Adhunik Metaliks will use the proceeds to re-pay part of the debt pile on its books.

Adhunik Metaliks, IDFC and SBI Macquarie Infrastructure Fund together own 100% stake in Adhunik Power. Adhunik Power operates 540 MW of power in the state of Jharkhand.

Adani Power is India’s largest private sector power generation company with a current operational capacity of 9,240 MW, comprising of 4,620 MW at Mundra in Gujarat, 3,300 MW at Tiroda in Maharashtra and 1,320 MW at Kawai in Rajasthan.

Adani Power Share Price

198.40 5.30 (2.74%)
17-Apr-2026 16:59 View Price Chart
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