Adani Transmission (ATL) said on Monday it will buy from Kalpataru Power Transmission a transmission subsidiary for an enterprise value of Rs 1,286 crore.
“Adani Transmission has signed definitive agreements with Kalpataru Power Transmission (KPTL) for acquiring Alipurduar Transmission in a manner consistent with Transmission Service Agreement and applicable consents,” the company said in its statement.
Adani expects to complete the acquisition in the next few months, subject to all regulatory approval. “The acquisition is in sync with ATL’s strategy to enhance the value for its stakeholders, through organic as well as inorganic opportunities,” the company said in its statement.
