Board of Adani Power approves acquisition of three power generation entities of AEL

Capital Market 

At meeting held on 23 February 2019

The Board of Power at its meeting held on 23 February 2019 has approved the proposal for acquisition of entire stake of Power Dahej (APDL); Pench Power (APPL); and Kutchh Power Generation (KPGL) [Wholly Owned Subsidiaries of (AEL)] from AEL. The transaction is expected to close by 31 March 2019.

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First Published: Sat, February 23 2019. 16:44 IST