This Article is From May 03, 2024

Adani Energy Solutions Arm To Acquire 100% Stake In Pointleap Projects

Adani Electricity Mumbai Limited (AEML) is a subsidiary of Adani Energy Solutions Ltd (AESL).

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India News

The acquisition is expected to be completed within 4-5 working days.

New Delhi:

Adani Electricity Mumbai Ltd on Thursday signed an agreement to acquire 100 per cent 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 executed Share Purchase Agreement (SPA) with Windson Projects LLP (WPLLP) for acquiring 100 per cent equity shares of PPPL," AESL said in a regulatory filing.

The acquisition is expected to be completed within 4-5 working days from the execution date of SPA, it said.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)



(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)

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