Adani Transmission surges on acquiring 49% stake in Alipurduar Transmission from KPTL

27 Nov 2020 Evaluate

Adani Transmission is currently trading at Rs. 379.60, up by 15.00 points or 4.11% from its previous closing of Rs. 364.60 on the BSE.

The scrip opened at Rs. 364.60 and has touched a high and low of Rs. 384.90 and Rs. 364.15 respectively. So far 17044 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 407.70 on 18-Nov-2020 and a 52 week low of Rs. 147.50 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 395.00 and Rs. 344.55 respectively. The current market cap of the company is Rs. 40099.08 crore.

The promoters holding in the company stood at 74.92%, while Institutions and Non-Institutions held 22.05% and 3.03% respectively.

Adani Transmission (ATL) has acquired 49% stake in Alipurduar Transmission from Kalpataru Power Transmission (KPTL) with agreement to acquire balance 51% after obtaining requisite regulatory and other approvals and in a manner consistent with Transmission Service Agreement. The share acquisition is pursuant to definitive agreements signed in July 2020.

The acquisition is in sync with ATL's strategy to enhance the value for its stakeholders, through organic as well as inorganic opportunities. With this acquisition, the cumulative network of ATL will reach more than 15,400 ckt kms, out of which more than 12,200 ckt kms (including this asset) is operational and more than 3,200 ckt kms is under various stages of execution.

Adani Transmission is a holding company. The company operates as a power transmission company. It is engaged in transmission of electric energy and trading of castor oil.

Adani Energy Solut. Share Price

697.70 -174.40 (-20.00%)
21-Nov-2024 16:59 View Price Chart
Peers
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