Adani Power board approves slump sale of Mundra power business to subsidiary

Adani Power board approves slump sale of Mundra power business to subsidiary

Adani Power Ltd’s board has approved slump sale of its flagship 4,620 Megawatt Mundra Power business to subsidiary Adani Power (Mundra) Ltd.

“Separation of the Mundra Power Generating Business into the transferee company (subsidiary) will put at par with the other operating subsidiaries of the transferor company (Adani Power), with specific strategic focus as well as specific financial arrangements,” the company said in a statement issued to the stock exchanges. Read More…

 

 

Credit By: ET Energy World

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