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Adani Power acquires stake in Anuppur Thermal Energy (MP)

04 Oct 2024 Evaluate

Adani Power has acquired 47,50,000 equity shares of Anuppur Thermal Energy (MP) (ATEMPL) (being 5.60% of ATEMPL’s total equity shares) from Adani Infra (India) (AIIL), resulting in ATEMPL now becoming a wholly owned subsidiary of the Company. The objective of acquisition is to set up infrastructure facilities/capacity augmentation of the Company. 

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.

Peers
Company Name CMP
NTPC 324.00
Tata Power 374.80
Adani Power 209.00
Power Grid Corpn. 270.00
Adani Energy Solut. 1415.00
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