Power Sector

HDFC Bank and BOB Capital markets are working together as merchant bankers for the IPO.

The move by the state-owned power transmission giant comes as the telecom industry is stepping up nationwide 5G service to bring about a business transformation that can contribute 2% to the national GDP.

Through insolvency resolution process, NHPC had acquired Jalpower Corporation Ltd (JPCL) and its 120 MW Rangit Stage-IV hydropower project in March 2021

These entities are engaged in the business of generation of power using renewable sources of energy.

The Proposed Combination involves the acquisition of the 100% of the share capital and economic rights of both the companies by Adani Power.

The company paid a total consideration of Rs925 crore.

The company received the Letter of Intent on August 30, 2022.

The Shell Group is a global group of energy and petrochemical companies with 83,000 employees in more than 70 countries.

The estimated consideration for the 15% stake shall be approximately USD 11.5 million (approx. Rs91.13 crore).

Consequent to Closing adjustments, Enterprise Value for this acquisition is ~Rs416 Crore.