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Adani Transmission Ltd (ADAI.BO)

ADAI.BO on Bombay Stock Exchange

155.70INR
3:29pm IST
Change (% chg)

Rs1.55 (+1.01%)
Prev Close
Rs154.15
Open
Rs154.40
Day's High
Rs158.40
Day's Low
Rs154.40
Volume
69,376
Avg. Vol
87,204
52-wk High
Rs252.00
52-wk Low
Rs103.00

Latest Key Developments (Source: Significant Developments)

Reliance Infra Gets Maharashtra Electricity Regulatory Commission Nod for Sale Of Integrated Mumbai Power Business
Thursday, 28 Jun 2018 

June 28 (Reuters) - Reliance Infrastructure Ltd ::MAHARASHTRA ELECTRICITY REGULATORY COMMISSION APPROVES SALE OF CO'S INTEGRATED MUMBAI POWER BUSINESS TO ADANI TRANSMISSION.SAYS TOTAL CONSIDERATION VALUE ESTIMATED AT 188 BILLION RUPEES.TRANSACTION EXPECTED TO CLOSE IN JULY 2018.GOING FORWARD, CO WILL FOCUS ON UPCOMING OPPORTUNITIES IN ASSET LIGHT EPC AND DEFENCE BUSINESSES.CO WILL UTILIZE PROCEEDS OF TRANSACTION ENTIRELY TO REDUCE ITS DEBT, BECOMING DEBT FREE, UP TO 30 BILLION RUPEES CASH SURPLUS.  Full Article

Reliance Infrastructure to Sell Integrated Mumbai Power Business​ To Adani Transmission
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - Reliance Infrastructure Ltd ::SIGNS DEFINITIVE BINDING AGREEMENT WITH ADANI TRANSMISSION LTD FOR 100% SALE OF ITS INTEGRATED MUMBAI POWER BUSINESS​.SAYS TOTAL DEAL VALUE IS 132.51 BILLION RUPEES.SAYS TOTAL CONSIDERATION VALUE ESTIMATED AT 188 BILLION RUPEES.PROCEEDS FROM DEAL TO BE UTILISED ENTIRELY FOR DEBT REDUCTION.SAYS CO WILL BECOME DEBT FREE AND UP TO 30 BILLION RUPEES CASH SURPLUS WITH THIS TRANSACTION.  Full Article

Reliance Infrastructure ‍completes stake sale of WRSSS transmission to Adani Transmission
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Reliance Infrastructure Ltd :Says ‍completes 100 pct stake sale of WRSSS transmission to Adani Transmission Limited​.  Full Article

Reliance Infrastructure ‍executes agreement to transfer WRSSS Transmission Undertakings​
Monday, 9 Oct 2017 

Oct 9 (Reuters) - Reliance Infrastructure Ltd :Says ‍executes Business Transfer Agreement (bta) for transfer of its WRSSS Transmission Undertakings​.Says entire sale proceeds shall be utilized for debt reduction‍​.Says all key approvals have been obtained and transaction is expected to be closed shortly.Says western region system strengthening scheme transmission undertakings valued at about 10 billion rupees.WRSSS B & C undertakings transferred to its two units as part of process of sale of businesses to Adani Transmission Ltd.  Full Article

Adani Transmission completes acquisition of operational transmission assets of GMR Energy
Friday, 7 Oct 2016 

Adani Transmission Ltd :Adani Transmission Ltd says completes acquisition of operational transmission assets of GMR Energy Ltd.  Full Article

Reliance Infra signs binding term sheet with Adani Transmission for sale of transmission assets
Wednesday, 5 Oct 2016 

Reliance Infrastructure Ltd: Says deal EPS accretive for shareholders . Entire proceeds to be utilised for debt reduction . Monetisation of cement business has been completed and monetisation of roads & Mumbai power businesses are in advanced stage . Signs binding term sheet with adani transmission for 100% sale of transmission assets . Asset monetisation of roads and Mumbai power business on track . WRSSS B & C and PKTCL projects part of divestment deal . Transaction in line with the strategic plans to monetise non-core business . SBI capital markets limited is acting as the financial advisors to rinfra for this transaction. .Reliance Infrastructure Limited signs binding term sheet with Adani Transmission for 100% sale of transmission assets.  Full Article

CARE ratings for Indian debt instruments-Jul 11

Jul 11 Below are the ratings awarded by Credit Analysis and Research Ltd. (CARE) for local debt instruments as of July 10, 2018. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------- ---------- ------ ------- --------- SHORT TERM RATINGS: ------------------- Anjani Tiles Ltd ST Bk Fac