Adani Power has received an approval for slump sale of its Mundra Power Generating Business Undertaking generating 4620 MW of Power, to its subsidiary company, namely, Adani Power (Mundra).
This sale is for a lump sum consideration, without values being assigned to the individual assets and liabilities. The sale shall be subject to statutory and regulatory approvals, as may be required. The board of directors at its meeting held on June 6, 2017 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.
