COMPANY NEWS


Adani Power Ltd
BSE Code 533096 ISIN Demat INE814H01011 Book Value (₹) 102.28 NSE Symbol ADANIPOWER Div & Yield % 0 Market Cap ( Cr.) 242,080.77 P/E * 12.91 EPS * 48.61 Face Value (₹) 10
* Profit to Earning Ratio
* Earning Per Share
Adani Power to divest stake in two subsidiaries to AdaniConnex Back
(25 Jan 2024)
Adani Power has entered into a Memorandum of Understanding (MOU) to sell its 100% equity stake in its two wholly owned subsidiaries, i.e. Aviceda Infra Park (AIPL); and Innovant Buildwell (IBPL) to AdaniConnex (ACX). Consequently, AIPL and IBPL will cease to be wholly owned subsidiaries upon completion of the sell, as aforesaid. The sale consideration is Rs 190 crore subject to adjustments on closing date.