Adani Transmission, Tata Power in talks with Essel Group to buy its power line
MUMBAI: The Subhash Chandra-led Essel Group is in talks with Adani TransmissionNSE -0.01 % and Tata PowerNSE -1.56 % to sell its under-construction Warora-Kurnool transmission line in an attempt to lower debt, two people familiar with the company’s plans said.
The talks are at an initial stage and a deal depends on various factors including valuations, state of the project and how much haircut lenders are willing to take, these people said.
