Adani Transmission surges 7%; acquires Reliance Infra Mumbai power business

Adani Transmission surges 7%; acquires Reliance Infra Mumbai power business

70

Adani Transmission Ltd stock was higher by 7% at Rs. 242. The company has acquired R-Infra’s Mumbai generation, transmission and distribution business, which caters to 3mn customers.

The acquisition marks foray into distribution sector in India.

The enterprise value of the transanction is INR 12101 crore.