Adani Transmission (ATL) has received approval from Maharashtra Electricity Regulatory Commission (MERC) to the proposed acquisition of 100% stake of Reliance Infrastructure’s integrated Generation, Transmission and Distribution (GTD) business. Following the MERC’s approval, the transaction is expected to be closed in July 2018 subject to fulfilment of laid out conditions.
ATL had signed a binding Share Purchase Agreement with R-Infra in December 2017 to acquire Integrated GTD business.
Adani Transmission is a holding company. The company operates as a power transmission company. It is engaged in transmission of electric energy and trading of castor oil.
