Gautam Adani-promoted Adani Transmission will buy out KEC International’s Sikar transmission asset for Rs 2.27 billion; the two companies informed the exchanges separately on Saturday. “The company has entered into a share-purchase agreement with KEC International to acquire its entire stake of equity shares representing 99.99 per cent of the total issued, paid-up and subscribed equity share capital and preference shares in its subsidiary KEC Bikaner Sikar Transmission,” Adani Transmission said in a statement.
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