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Adani Transmission soars on signing agreement with Qatar Holding for stake sale in subsidiary

11 Dec 2019 Evaluate

Adani Transmission is currently trading at Rs. 341.55, up by 5.35 points or 1.59% from its previous closing of Rs. 336.20 on the BSE.

The scrip opened at Rs. 340.15 and has touched a high and low of Rs. 350.05 and Rs. 321.45 respectively. So far 160888 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 350.05 on 11-Dec-2019 and a 52 week low of Rs. 180.00 on 07-Jan-2019.

Last one week high and low of the scrip stood at Rs. 350.05 and Rs. 314.45 respectively. The current market cap of the company is Rs. 37866.46 crore.

The promoters holding in the company stood at 74.92%, while Institutions and Non-Institutions held 23.35% and 1.74% respectively.

Adani Transmission, its subsidiary -- Adani Electricity Mumbai (AEML) and a subsidiary of Qatar Investment Authority (QIA) -- Qatar Holding LLC, have signed definitive agreements for the sale of 25.1% stake in AEML and for shareholder subordinated debt in AEML (the Transaction). The total QIA investment in AEML will be approximately Rs 3,200 crore (equivalent to approximately $450 million).

As part of the Transaction, the company and QIA have agreed definitive plans to ensure that over 30% of the electricity supplied by AEML is sourced from solar and wind power plants by the year 2023. In addition, the company and QIA have agreed a number of other green initiatives to combat climate change and facilitate the transition to a sustainable, low carbon economy.

AEML is the licensee for an integrated power distribution, transmission and generation business that currently serves more than 3 million consumers across a license area of approximately 400 square kilometers in the city of Mumbai, the world’s seventh largest city by size of population. AEML’s market share of Mumbai is approximately 87% by license area, 67% by consumers served and 55% by electricity supplied.

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.

Adani Energy Solut. Share Price

1259.20 36.90 (3.02%)
17-Apr-2026 16:59 View Price Chart
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