Adani Energy Solutions Limited — Important, 27-03-2025: General Updates

Adani Energy Solutions Ltd has executed a Share Purchase Agreement to acquire 100% equity shares of Mahan Transmission Limited from REC Power Development and Consultancy Limited, with a cash consideration based on a face value of ₹10 per share. This acquisition aligns with the company’s strategy to enhance shareholder value and will enable MTL to evacuate 1,230 MW of power from Adani Power’s upcoming expansion units, subsequently feeding into the state grid. This move may be viewed positively by investors, as it strengthens Adani's operational capabilities in the electric utilities sector and expands its market presence.