Adani Power acquires infra firms for Rs 609 cr

by Abbas Adil

Adani Power on Monday completed the acquisition of 100% equities in Support Properties Pvt Ltd (SPPL) and Eternus Real Estate Private Ltd (EREPL) for about Rs 609 crore.

Earlier this month, the company had stated in a filing that the cost of acquisitions were Rs 280.10 crore for SPPL and Rs 329.30 crore for EREPL. The consideration for the acquisition was cash. Both companies are yet to commence commercial activities.

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