New Delhi:
Adani Electricity Mumbai Ltd on Thursday signed an agreement to acquire 100 percent stake in Pointleap Projects Pvt Ltd (PPPL) for a consideration of Rs 13.15 crore.
Adani Electricity Mumbai Limited (AEML) is a subsidiary of Adani Energy Solutions Ltd (AESL).
“AEML today signed a Share Purchase Agreement (SPA) with Windson Projects LLP (WPLLP) to acquire 100 percent shares of PPPL,” AESL said in a filing with the regulator.
The acquisition is expected to close within 4 to 5 business days of the SPA execution date, the company said.
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