Adani Power is set to merge six wholly-owned subsidiaries with itself.
The Gautam Adani led entity disclosed on Tuesday that its board has approved an amalgamation scheme.
In a regulatory filing, the company, which has a market capitalisation of Rs 50,198 crore, listed the six subsidiaries that will be amalgamated with itself: Udupi Power, Raipur Energen, Raigarh Energy and the three Adani Power arms for Maharashtra, Rajasthan and Mundra.
The appointed date of the merger scheme will be October 1, 2021. The entire assets and liabilities of these six arms will be transferred.
