Adani Transmission has planned to seek shareholders' approval for the proposed related-party transactions worth up to Rs 10,600 crore in 2022-23 during the company's AGM (Annual General Meeting) scheduled on July 27.
There are three resolutions for the purpose of related party transactions: One will be with Adani Enterprises (AEL) for purchase of power, coal, rendering of service, receipt of service and other transactions for business purpose from or to AEL worth up to Rs 2,500 crore during 2022-23, while another transaction will be with Adani Infra (India) (AIIL) repayment of Unsecured Perpetual Equity Instrument along with Distribution on Unsecured Perpetual Equity Instrument; providing/taking financial assistance in the form of revolving interest bearing inter corporate deposit(s)/loans, in one or more tranches worth up to Rs 5,200 crore during 2022-23.
There will be another transaction with Adani Properties (APPL) Providing/taking financial assistance in the form of revolving interest bearing inter corporate deposit(s)/loans, in one or more tranches worth Rs 2,900 crore in 2022-23.
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.
Company Name | CMP |
---|---|
NTPC | 355.75 |
Tata Power | 436.75 |
Power Grid Corp | 292.60 |
Adani Power | 591.70 |
Torrent Power | 1489.95 |
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