Adani Power has signed Share Purchase agreements to acquire 100% equity shares of two companies, viz. Support Properties (SPPL) and Eternus Real Estate (EREPL) each from their respective shareholders (severally, Selling Shareholders of SPPL and Selling Shareholders of EREPL). The object of acquisition is to set up infrastructure facilities. Cost of acquisition of Support Properties is Rs 280.10 crore and cost of acquisition of Eternus Real Estate is Rs 329.30 crore.
Adani Power is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.
