Sanction of Scheme of Arrangement

Adani Power Ltd has informed BSE that scheme of arrangement among Adani Power Limited ("the Company") and Adani Power Maharashtra Limited (Wholly Owned Subsidiary of the Company) and Adani Transmission (India) Limited (Wholly Owned Subsidiary of the Company) and their respective shareholders and creditors has been sanctioned by the Hon’ble High Court of Gujarat on September 26, 2014. The Scheme provides for demerger and transfer of transmission business of the Company and Adani Power Maharashtra Limited into Adani Transmission (India) Limited.

The Company is in process of complying with requisite formalities for making the scheme effective.

Source : BSE - >www.bseindia.com

Published on October 07, 2014
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