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Adani Transmission Ltd (ADAI.NS)

ADAI.NS on National Stock Exchange of India

190.40INR
14 Nov 2018
Change (% chg)

Rs17.30 (+9.99%)
Prev Close
Rs173.10
Open
Rs173.10
Day's High
Rs190.40
Day's Low
Rs173.10
Volume
760,789
Avg. Vol
894,074
52-wk High
Rs254.20
52-wk Low
Rs115.70

Latest Key Developments (Source: Significant Developments)

Reliance Infrastructure To Consider Transfer Of A Business To Adani Transmission
Wednesday, 29 Aug 2018 

Aug 29 (Reuters) - Adani Transmission Ltd ::RELIANCE INFRASTRUCTURE LTD - TO CONSIDER TRANSFER OF INTEGRATED MUMBAI POWER BUSINESS TO ADANI TRANSMISSION LIMITED.  Full Article

India's Adani Transmission June-Qtr Consol Profit Rises
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - Adani Transmission Ltd ::JUNE QUARTER CONSOL PROFIT 1.69 BILLION RUPEES VERSUS 841 MILLION RUPEES YEAR AGO.JUNE QUARTER CONSOL TOTAL INCOME 6.95 BILLION RUPEES VERSUS 6.19 BILLION RUPEES YEAR AGO.SAYS ACQUISITION OF GTD BUSINESS FROM R INFRA IS PROGRESSING AND CO HOPES TO CLOSE DEAL IN Q2.  Full Article

Reliance Infra Gets Maharashtra Electricity Regulatory Commission Nod for Sale Of Integrated Mumbai Power Business
Thursday, 28 Jun 2018 

June 28 (Reuters) - Reliance Infrastructure Ltd ::MAHARASHTRA ELECTRICITY REGULATORY COMMISSION APPROVES SALE OF CO'S INTEGRATED MUMBAI POWER BUSINESS TO ADANI TRANSMISSION.SAYS TOTAL CONSIDERATION VALUE ESTIMATED AT 188 BILLION RUPEES.TRANSACTION EXPECTED TO CLOSE IN JULY 2018.GOING FORWARD, CO WILL FOCUS ON UPCOMING OPPORTUNITIES IN ASSET LIGHT EPC AND DEFENCE BUSINESSES.CO WILL UTILIZE PROCEEDS OF TRANSACTION ENTIRELY TO REDUCE ITS DEBT, BECOMING DEBT FREE, UP TO 30 BILLION RUPEES CASH SURPLUS.  Full Article

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