Timeline to complete acquisition of DB Power by Adani Power extended till November 30
The timeline for completion of Adani Power’s Rs 7,017 crore deal to acquire thermal power assets of DB Power Ltd has been extended by one month till 20th November 2022. “The parties (Adani Power and DB Power) to the proposed transaction have mutually agreed to extend the long stop date as 30th November 2022, or achieving the closing/completion,” a BSE filing stated.
Adani Power informed the bourses, earlier this year in August, 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.
