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Adani Transmission’s arm acquires entire stake in Adani Green Energy Thirty

03 Apr 2023 Evaluate

Adani Transmission’s wholly owned subsidiary -- Khavda-Bhuj Transmission (KBTL) has pursuant to the Share Purchase agreement dated March 31, 2023 entered with Adani Renewable Energy Holding Four (AREHFL), acquired entire stake of Equity Shares representing 100% of the total issued, paid-up and subscribed Equity Share Capital of Adani Green Energy Thirty. 

The company through its special purpose vehicle is executing project to establish Transmission scheme for evacuation of 3 GW RE injection at Khavda Pooling station under Phase I. This acquisition will further strengthen to shape one of the country’s largest solar and wind farms.

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.

Peers
Company Name CMP
NTPC 326.50
Tata Power 364.00
Adani Power 199.60
Power Grid Corpn. 267.00
Adani Energy Solut. 1343.00
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