Adani Power inks agreement to acquire entire equity shares of OTEPL

28 Sep 2024 Evaluate

Adani Power has signed a Share Purchase Agreement (SPA) with the shareowners of Orissa Thermal Energy (OTEPL) (formerly known as Padmaprabhu Commodity Trading) to acquire its entire paid up equity shares, i.e. total 10,000 equity shares of the face value of Rs 10 each.

Upon acquisition of equity shares, as above, OTEPL now becomes a wholly owned subsidiary of the Company. The object is to set up infrastructure facilities / capacity augmentation of the Company on the land belonging to OTEPL.

Adani Power is engaged in the business of generation, accumulation, distribution and supply of power and to generally deal in electricity and to explore, develop, generate, accumulate, supply and distribute or to deal in other forms of energy from any source whatsoever.


Adani Power Share Price

496.05 -7.95 (-1.58%)
24-Dec-2024 16:59 View Price Chart
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Company Name CMP
NTPC 335.45
Tata Power 399.40
Power Grid Corp 310.15
Adani Power 496.05
Torrent Power 1502.40
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