Live
- Nani Wins Mega Fans’ Hearts with His Support for Chiranjeevi’s New Film
- Infusion Nursing Society Hosts 12th Annual Conference at Yashoda Hospital, Hyderabad
- HDFC Bank to Organise 16th Annual Blood Donation Drive on December 6, 2024
- Musk, Ramaswamy Urge End to Daylight Saving Time Clock Changes
- IMT Hyderabad Hosts Grand Convocation Ceremony to Celebrate Graduating batch of 2022-2024
- Coromandel International and International Fertilizer Development Center Partner to Advance Fertilizer Innovation and Sustainable Agriculture in India
- Formulate plans to achieve goal of 'one family, one entrepreneur': CM tells officials
- Toyota Kirloskar Motor Concludes 32nd iCARE Activity, Strengthening Commitment to Community Development
- A grand celebration of love: Naga Chaitanya, Sobhita Dhulipala tie the knot
- Synergy Marine Group Recognised as Crewing Company of the Year for Exemplary Response to “DALI” Incident
Adani Power acquires 2 infra firms
Signs share-purchase agreements to buy 100% equity shares of Support Properties Pvt Ltd (SPPL) and Eternus Real Estate Pvt Ltd (EREPL) for Rs609 cr
New Delhi: Adani Power on Monday completed the acquisition of 100 per cent equities in SPPL and EREPL for about Rs609 crore.
On June 7, 2022, Adani Power had signed a share-purchase agreements to acquire 100 per cent equity shares of two companies, viz. Support Properties Private Ltd (SPPL) and Eternus Real Estate Private Ltd (EREPL) from their respective shareholders.
"All the related steps/activities for acquisition of 100 per cent equity shares of SPPL and EREPL have now been completed," a BSE filing stated. Earlier this month, the company had stated in a filing that the cost of acquisitions were Rs280.10 crore for SPPL and Rs329.30 crore for EREPL.
The consideration for the acquisition was cash. SPPL is yet to commence commercial activities. Its authorised share capital is Rs74,01,00,000 and paid up share capital is Rs67,91,00,000. It is involved in infrastructure development activities. The object of acquisition is to set up infrastructure facilities. EREPL has also not commenced commercial activities. Its authorised share capital is Rs80,01,00,000 and paid up share capital is Rs74,01,00,000.
