{"id":640024,"date":"2024-03-30T10:04:10","date_gmt":"2024-03-30T04:34:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=640024"},"modified":"2024-03-30T10:44:22","modified_gmt":"2024-03-30T05:14:22","slug":"reliance-picks-up-26-stake-in-adanis-mahan-energen-power-project","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-picks-up-26-stake-in-adanis-mahan-energen-power-project\/","title":{"rendered":"Reliance picks up 26% stake in Adani&#8217;s Mahan Energen power project"},"content":{"rendered":"<p>In a first, the business houses run by Mukesh Ambani and Gautam Adani will enter into an investment agreement, by which Reliance Industries Ltd (RIL), controlled by Ambani, will pick up a minority stake in the latter\u2019s Mahan Energen power project. <\/p>\n<p>On Thursday, two companies &#8212; Adani Power and RIL &#8212; informed the stock exchanges of the investment agreement. <\/p>\n<p>RIL entered into an investment agreement on March 27 with Mahan Energen, a wholly-owned subsidiary of Adani Power, where 50 million equity shares are to be allotted to RIL.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a first, the business houses run by Mukesh Ambani and Gautam Adani will enter into an investment agreement, by which Reliance Industries Ltd (RIL), controlled by Ambani, will pick up a minority stake in the latter\u2019s Mahan Energen power project. On Thursday, two companies &#8212; Adani Power and RIL &#8212; informed the stock exchanges of the investment agreement. RIL entered into an investment agreement on March 27 with Mahan Energen, a wholly-owned subsidiary of Adani Power, where 50 million equity shares are to be allotted to RIL.<\/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-640024","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\/640024","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=640024"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/640024\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=640024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=640024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=640024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}