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Adani Power inks MoU to sell 100% stake in wholly owned subsidiaries

27 Jan 2024 Evaluate

Adani Power has entered into a Memorandum of Understanding (MoU) to sell its 100% equity stake in its two wholly owned subsidiaries, i.e. Aviceda Infra Park (AIPL) and Innovant Buildwell (IBPL) to AdaniConnex (ACX). Consequently, AIPL and IBPL will cease to be wholly owned subsidiaries upon completion of the sell, as aforesaid. The transactions are expected to complete by March 31, 2024

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.


Adani Power Share Price

181.40 5.70 (3.24%)
13-Apr-2026 16:01 View Price Chart
Peers
Company Name CMP
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