Adani Power Ltd reply to clarification sought by the exchange

| Updated on February 11, 2015 Published on February 11, 2015

The Exchange had sought clarification from Adani Power Ltd with respect to news appearing in Times of India on February 10, 2015 titled "Adani to clinch sweetened $ 1Bn Udipi plant deal."

Adani Power Ltd replied stating "With reference to our earlier announcement dated 14th August, 2014 on execution of definitive agreement for acquisition of 100% shares of the Udupi Power Corporation Limited (UPCL) from Lanco Infratech Limited, The transaction is under process and likely to conclude in March, 2015 subject to receipt of all required approvals. The Company has signed an Amended and Restated Purchase Agreement and has modified some of the terms of transaction, The earlier announced deal value for acquisition of 100% shares of UPCL is expected to remain same."

Source : BSE - >www.bseindia.com

Published on February 11, 2015
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