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Adani Transmission Ltd (ADAI.NS)

ADAI.NS on National Stock Exchange of India

203.45INR
21 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Reliance Infrastructure to Sell Integrated Mumbai Power Business​ To Adani Transmission
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Reliance Infrastructure Ltd ::SIGNS DEFINITIVE BINDING AGREEMENT WITH ADANI TRANSMISSION LTD FOR 100% SALE OF ITS INTEGRATED MUMBAI POWER BUSINESS​.SAYS TOTAL DEAL VALUE IS 132.51 BILLION RUPEES.SAYS TOTAL CONSIDERATION VALUE ESTIMATED AT 188 BILLION RUPEES.PROCEEDS FROM DEAL TO BE UTILISED ENTIRELY FOR DEBT REDUCTION.SAYS CO WILL BECOME DEBT FREE AND UP TO 30 BILLION RUPEES CASH SURPLUS WITH THIS TRANSACTION.  Full Article

Reliance Infrastructure ‍completes stake sale of WRSSS transmission to Adani Transmission
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Reliance Infrastructure Ltd :Says ‍completes 100 pct stake sale of WRSSS transmission to Adani Transmission Limited​.  Full Article

Reliance Infrastructure ‍executes agreement to transfer WRSSS Transmission Undertakings​
Monday, 9 Oct 2017 

Oct 9 (Reuters) - Reliance Infrastructure Ltd :Says ‍executes Business Transfer Agreement (bta) for transfer of its WRSSS Transmission Undertakings​.Says entire sale proceeds shall be utilized for debt reduction‍​.Says all key approvals have been obtained and transaction is expected to be closed shortly.Says western region system strengthening scheme transmission undertakings valued at about 10 billion rupees.WRSSS B & C undertakings transferred to its two units as part of process of sale of businesses to Adani Transmission Ltd.  Full Article

Adani Transmission completes acquisition of operational transmission assets of GMR Energy
Friday, 7 Oct 2016 

Adani Transmission Ltd :Adani Transmission Ltd says completes acquisition of operational transmission assets of GMR Energy Ltd.  Full Article

Reliance Infra signs binding term sheet with Adani Transmission for sale of transmission assets
Wednesday, 5 Oct 2016 

Reliance Infrastructure Ltd: Says deal EPS accretive for shareholders . Entire proceeds to be utilised for debt reduction . Monetisation of cement business has been completed and monetisation of roads & Mumbai power businesses are in advanced stage . Signs binding term sheet with adani transmission for 100% sale of transmission assets . Asset monetisation of roads and Mumbai power business on track . WRSSS B & C and PKTCL projects part of divestment deal . Transaction in line with the strategic plans to monetise non-core business . SBI capital markets limited is acting as the financial advisors to rinfra for this transaction. .Reliance Infrastructure Limited signs binding term sheet with Adani Transmission for 100% sale of transmission assets.  Full Article

Adani Transmission inks purchase deal with Credit Suisse AG
Tuesday, 26 Jul 2016 

Adani Transmission Ltd : Adani Transmission singed a purchase agreement . Agreement with Credit Suisse AG, Singapore branch. . Agreement for Indian rupee denominated masala bond of 5 billion rupees with coupon of 9.10 percent . Notes will listed on Singapore Exchange Securities Trading Ltd .  Full Article

Adani Transmission signs acquisition agreement with GMR Energy Ltd
Friday, 1 Jul 2016 

Adani Transmission Ltd : Signs acquisition agreement with gmr energy ltd; equity value for 100 percent stake of projects at about 1 billion rupees .  Full Article

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India's Reliance Infra sells power unit to Adani Transmission

MUMBAI India's Reliance Infrastructure , part of Reliance Group, said on Thursday it has agreed to sell its Mumbai power generation, transmission and distribution business to a unit of Adani Enterprises for around 188 billion rupees (£2.19 billion).