Adani Transmission enters into period of Exclusivity with RInfra

10 Oct 2017 Evaluate

Adani Transmission (ATL) has entered into a period of Exclusivity with Reliance Infrastructure (RInfra) until January 15, 2018 in relation to discussions for the proposed acquisition of the integrated business of generation, transmission and distribution of power for Mumbai City from RInfra.

The proposed Transaction is subject to confirmatory diligence, definitive documentation, and customary approvals. Accordingly, there can be no certainty that a transaction will result. The proposed Transaction would further strengthen ATL's footprint in power transmission sector while marking its maiden foray into the power distribution sector.

Adani Transmission is engaged in providing establishing, commissioning, operating and maintaining electric power transmission systems in India. It offers operation and maintenance (O&M) support services. Adani Transmission operates as a subsidiary of Adani Enterprises.

Adani Energy Solut. Share Price

1025.80 9.45 (0.93%)
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Peers
Company Name CMP
NTPC 335.95
Tata Power 394.15
Power Grid Corp 277.05
Adani Power 533.70
Torrent Power 1343.00
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