Maharashtra Electricity Regulatory Commission (MERC) approves acquisition of R-Infra’s Integrated Business of Generation, Transmission, Distribution and retail of power for Mumbai City by Adani Transmission Ltd.

Share:

Editor’s Synopsis

Ahmedabad, 29th June, 2018:

 

Maharashtra Electricity Regulatory Commission (MERC) has given its approval to the proposed acquisition of 100% stake of Reliance Infrastructure Limited’s integrated Generation, Transmission and Distribution (GTD) business.  Following the MERC’s approval, the transaction is expected to be closed in July 2018 subject to fulfilment of laid out conditions.

 

MERC had concluded its hearing into the matter and reserved its order on June 14, 2018. Competition Commission of India has already approved the deal.

 

ATL had signed a binding Share Purchase Agreement with R-Infra in December, 2017 to acquire Integrated GTD business.

© 2018 Adani Group