Adani Transmission acquires 49 per cent stake in Alipurduar
Adani Transmission on Friday said it has completed acquisition of 49 per cent stake in Alipurduar Transmission from Kalpataru Power Transmission Ltd (KPTL) for an enterprise value of around Rs 1,300 crore.
“Adani Transmission Ltd (ATL) has acquired 49 per cent stake in Alipurduar Transmission Ltd from KPTL with agreement to acquire balance 51 per cent after obtaining requisite regulatory and other approvals and in a manner consistent with Transmission Service Agreement,” a company statement said.
