Adani Power Ltd’s Rs 7,017-crore deal to buy thermal power assets of DB Power has fallen after the initial pact expired.
“We wish to inform that the long stop date under the memorandum of understanding dated August 18, 2022, has expired,” Adani Power said in a regulatory filing on Wednesday.
Earlier in August 2022, Adani Power had informed the bourses that it has agreed to acquire DB Power Ltd (DB Power), which owns and operates a running 2×600 MW thermal power plant at district Janjgir Champa in Chhattisgarh.
Queries regarding the status of the deal sent to Adani Power did not elicit any response.
