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Clarification

| Updated on November 27, 2014 Published on November 27, 2014

The Exchange had sought further clarification from Adani Power Ltd with respect to the disclosure made on November 25, 2014 to the Exchange titled "Adani Power to acquire Avantha Powers Korba West Power Project in Chattisgarh Installed capacity to rise to 11,040 MW."

Adani Power Ltd in response to the Exchange query stated "At present we have signed a binding term sheet for the acquisition of 100% shares of Korba West Power Company Ltd from Avantha Power & Infrastructure Ltd. at an Enterprise Value of about Rs. 4200 Crores subject to due diligence."

Source : BSE - >www.bseindia.com

Published on November 27, 2014
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