Adani Power to consider hiving off Mundra plant tomorrow

Adani Power to consider hiving off Mundra plant tomorrow

The board of Adani Power will meet tomorrow to consider hiving off its flagship Mundra power station to a new subsidiary in which the Gujarat government entity may take a majority stake.

“A meeting of the board of directors of the company is scheduled to be held on June 6, 2017 to consider and evaluate, among others, the Slump Sale of its Mundra power generating business undertaking to its subsidiary company, name Adani Power (Mundra) Ltd,” the company said in a regulatory filing. Read More…

 

 

Credit By: The Economic Times

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