• Tuesday, May 17, 2022

Asia

Adani buys Reliance’s Mumbai power business for Rs 13,251 crore (million)

By: Eastern Eye Staff

Adani Group has agreed to buy Anil Ambani-led Reliance Infrastructure’s Mumbai integrated power generation, transmission and distribution (GTD) business for Rs. 13,251 crore (million). Adani Transmission has signed a binding share purchase agreement (SPA) with Reliance Infra to buy the GTD business, which caters to about 3 million customer. Adani Transmisison Limited and Reliance Infrastructure (RInfra) have signed a Definitive Binding Agreement for 100% sale of its Mumbai power business for Rs 13,251 crore (million). “The total deal value is at Rs 13,251 crore (million). This comprises of business valued at Rs 12,101 crore (million) and regulatory assets approved so…

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