Adani Transmission is currently trading at Rs. 242.00, up by 16.75 points or 7.44% from its previous closing of Rs. 225.25 on the BSE.
The scrip opened at Rs. 228.95 and has touched a high and low of Rs. 247.75 and Rs. 228.45 respectively. So far 288229 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 247.75 on 22-Dec-2017 and a 52 week low of Rs. 51.10 on 27-Dec-2016.
Last one week high and low of the scrip stood at Rs. 247.75 and Rs. 184.00 respectively. The current market cap of the company is Rs. 24773.22 crore.
The promoters holding in the company stood at 74.92%, while Institutions and Non-Institutions held 21.61% and 3.47% respectively.
Adani Transmission (ATL) has signed a binding SPA with Reliance Infrastructure (RInfra) to acquire the Mumbai Generation, Transmission and Distribution (GTD) business. The company has valued the business at a total consideration of Rs 12,101 crore. In addition the Regulatory Assets approved to the extent of Rs 1,150 crore for the period April 1, 2018 to March 31, 2019 will be to the account of the Seller.
The GTD business caters to around 3 million customers, making it the country's largest private sector integrated power utility, entailing 1,892MW of power distribution along with generation facilities (500 MW thermal coal based) and over 540 ckt kms of transmission network.
ATL 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.
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