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Adani Energy Solutions Acquires Essar Transco for ₹1,900 Crore

The acquisition was undertaken by a wholly owned subsidiary, Adani Transmission Step Two Ltd (ATSTL).

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Share Market Today: Sensex, Nifty open higher; IT stocks advance

Share Market Today: Sensex, Nifty open higher; IT stocks advance
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Adani Energy completes acquisition of Essar s Mahan-Sipat transmission assets for Rs 1,900 cr

The share acquisition is pursuant to definitive agreements signed in June 2022, a company statement said.

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Adani Energy Solutions buys Essar Transco for ₹1,900 crore

Adani Transmission Step Two Ltd (ATSTL), a wholly owned subsidiary, made the acquisition. Post completion, Essar Transco has become a wholly owned subsidiary of ATSTL and the step-down wholly owned subsidiary Adani Energy.

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