Adani Energy Solutions has recently informed exchanges that the company acquired 100% of Pune-III Transmission Ltd (PTL) for ₹10/share. The total acquisition cost was ₹1 lakh. PTL will assist AESL evacuate 7GW of renewable energy.
The acquisition was formalized through a Share Purchase Agreement (SPA) with PFC Consulting Limited on November 19, 2024.
Key Details of the Acquisition:
- Objects and effects of acquisition: The acquisition is proposed to further AESL’s objective of increasing shareholder value via both organic and inorganic opportunities.
- Project Highlights: Includes establishing a 765/400 kV GIS substation, a 400/220 kV substation, and setting up a 322 km (~816 ckm) transmission line to evacuate 7 GW of renewable energy from the Khavda RE Park.
- Cost of acquisition: Equity Shares are being acquired at a face value of Rs.10/- each.
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Adani Energy Solutions