Adani Energy Solutions’ material subsidiary -- Adani Electricity Mumbai (AEML) has executed Share Purchase Agreement (SPA) with Adani Properties (APPL) for acquiring 100% Equity Shares of Superheights Infraspace (SIPL).
SIPL holds development rights of land admeasuring 3,000 square meters situated at Bandra Kurla Complex (BKC) and AEML is developing 220kv Extra High-Voltage (EHV) substation on said land under the regulatory approvals.
The acquisition is expected to be completed within 15 working days from the execution date of SPA. The cost of acquisition is Rs 475 crore determined on basis of Independent Valuation Report.
Adani Energy Solutions (formerly known as Adani Transmission) is the transmission business arm of the Adani Group, one of India’s largest business conglomerates.
| Company Name | CMP |
|---|---|
| NTPC | 348.15 |
| Tata Power | 403.90 |
| Power Grid Corp | 285.60 |
| Adani Power | 220.50 |
| Torrent Power | 1388.90 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: