Adani Energy Solutions Limited (AESL) has executed a Share Purchase Agreement to acquire 100% equity shares of South Kalamb Power Transmission Limited (SKPTL) from PFC Consulting Limited. The acquisition was finalised on March 30, 2026, at approximately 03:00 p.m. IST.
The acquisition is part of AESL’s strategy to enhance shareholder value through both organic and inorganic growth opportunities. SKPTL, a transmission service provider in the electric utilities industry, will bolster South Kalamb’s power evacuation capabilities. This includes upgrading the 765/400 kV transformation and downstream network to ensure a reliable high-capacity power supply to Mumbai. Additionally, it prepares the infrastructure for the upcoming 6 GW ±800 kV HVDC renewable energy injection.
The acquisition does not fall under related party transactions, and neither the promoter nor the promoter group has any interest in the entity being acquired. The acquisition was completed without the need for governmental or regulatory approvals.
The equity shares were acquired at a face value of ₹10 each, with the entire transaction settled in cash. SKPTL, incorporated in India and registered with the Registrar of Companies, New Delhi, on September 30, 2025, has not reported any turnover for the last three years.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).