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Adani Transmission informs about acquisition

14 Nov 2019 Evaluate

In furtherance to the intimation dated 31st October, 2019 in the matter of receipt of Letter of Intent (LOI) by the Company for two new Transmission Projects - Lakadia Banaskantha Transco and Jam Khambaliya Transco, Adani Transmission has informed that the Company has signed Share Purchase Agreements with REC Transmission Projects Company Limited on 13th November, 2019 for acquisition of its entire stake in Lakadia Banaskantha Transco (LBTL) and Jam Khambaliya Transco (JKTL).

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
NTPC 314.00
Tata Power 352.45
Adani Power 195.50
Power Grid Corpn. 249.75
Adani Energy Solut. 1363.50
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