Adani Power NSE -0.34 % on Tuesday said it will seek shareholders’ approval for the proposed related-party transaction worth up to Rs 5,000 crore with AdaniConnex Pvt Ltd (ACPL) during its annual general meeting on July 27. The transaction involves sale by Adani Power (APL) of its SPVs (Special Purpose Vehicle)/ subsidiaries in which ownership and/or leasehold rights in land or land parcels have been procured by APL to its related party ACPL, according to the notice for AGM (Annual General meeting).
