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.
In its recent regulatory filing, the company has informed that it has acquired 98,33,754 equity shares.
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