Power Sector

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.

NRSS XXXVI has three elements spreading across 153 km in the states of Uttarakhand, Rajasthan, and Haryana.

The acquisition through its 3 SPVs of additional revenues accruing to these SPVs on account of change in law aggregating to Rs304 crore.

The board has approved the scheme of amalgamation of wholly-owned subsidiary Chloride Power Systems and Solutions with the parent company.