Adani Power has extended the timeline for the completion of the Rs 7,017-crore deal to acquire thermal power assets of DB Power by one month till December 31, 2022. Earlier, the company had extended the timeline for completion by a month till November 30, 2022. Parties to the proposed transaction have mutually agreed to further extend the long stop date as December 31, 2022, for achieving the closing/completion.
Earlier in August this year, Adani Power had informed the bourses that it has agreed to acquire DB Power, which owns and operates a running 2x600 MW thermal power plant at district Janjgir Champa in Chhattisgarh.
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.
