Adani Energy signs pact to buy KPS 1 Transmission

Adani Energy Solutions (AESL), formerly Adani Transmission, has signed a definitive agreement with Megha Engineering & Infrastructures to acquire a special purpose vehicle (SPV) KPS 1 Transmission. Financial terms of the deal were not disclosed.

KPS 1 is a transmission services provider. This acquisition is proposed to further AESL’s strategy for enhancing value for its shareholders through organic and inorganic opportunities, it said in a regulatory update.