{"id":535578,"date":"2022-11-11T09:44:52","date_gmt":"2022-11-11T04:14:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=535578"},"modified":"2022-11-11T10:23:47","modified_gmt":"2022-11-11T04:53:47","slug":"adani-power-inks-pact-to-sell-100-stake-in-sppl-to-acx-for-rs-1556-cr","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-power-inks-pact-to-sell-100-stake-in-sppl-to-acx-for-rs-1556-cr\/","title":{"rendered":"Adani Power inks pact to sell 100% stake in SPPL to ACX for Rs 1,556 cr"},"content":{"rendered":"<p>Adani Power on Thursday said that it has inked a pact to sell 100 per cent stake in Support Properties Private Ltd (SPPL) to AdaniConnex Private Ltd (ACX) at an enterprise value of Rs 1,556.5 crore. <\/p>\n<p>&#8220;Adani Power Ltd has entered into a Memorandum of Understanding (MoU) to sell its 100 per cent equity stake in its wholly-owned subsidiary Support Properties Private Ltd (SPPL) to AdaniConnex Private Ltd (ACX),&#8221; a BSE filing stated. <\/p>\n<p>It stated that the enterprise valuation is Rs 1,556.5 crore subject to adjustments on closing date. ACX is a 50:50 joint venture between Adani Enterprises Limited, which is a promoter group company, and EdgeConneX.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani Power on Thursday said that it has inked a pact to sell 100 per cent stake in Support Properties Private Ltd (SPPL) to AdaniConnex Private Ltd (ACX) at an enterprise value of Rs 1,556.5 crore. &#8220;Adani Power Ltd has entered into a Memorandum of Understanding (MoU) to sell its 100 per cent equity stake in its wholly-owned subsidiary Support Properties Private Ltd (SPPL) to AdaniConnex Private Ltd (ACX),&#8221; a BSE filing stated. It stated that the enterprise valuation is Rs 1,556.5 crore subject to adjustments on closing date. ACX is a 50:50 joint venture between Adani Enterprises Limited, which [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-535578","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/535578","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=535578"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/535578\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=535578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=535578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=535578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}