Adani Power’s promoters have increased their holding in the company to 68.99% from 63.99% earlier. The promoters have acquired 45 crore shares of the company through preferential issue at Rs 53.11 per share.
The company 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.