Adani Transmission signs agreement with GMR Energy

To acquire stakes in two transmission projects

Adani Transmission announced the signing of Definitive Agreement with GMR Energy to acquire 74% shares of Maru Transmission Service Company (MTSCL) and 49% shares of Aravali Transmission Service Company with an option to acquire 100% in a manner consistent with Transmission Service Agreement and applicable consents. The Equity value for 100% stake of the both the projects is ascribed at Rs. 100 crore.

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