Adani Renewable Energy (MH) Ltd to acquire Vento Energy Infra Pvt Ltd

Adani Renewable Energy (MH) Limited, a wholly-owned subsidiary of Adani Green Energy Limited has entered into a Securities Purchase Agreement for acquisition of 100% equity shares and other securities of Vento Energy Infra Private Limited ("VEIPL") from Essel Green Energy Private Limited.

VEIPL is incorporated with an object for generation of electricity using Renewable Energy. The company has 40 MWac operational solar power project set-up in the state of Odisha.

Post completion of this acquisition, AGEL's portfolio of renewable generation capacity in India shall stand at 19,834 MW with 5,410 MW operational assets, 5,724 MW assets under construction and 8,700 MW near construction assets.

Shares of Adani Green Energy Limited was last trading in BSE at Rs. 1132.8 as compared to the previous close of Rs. 1140.55. The total number of shares traded during the day was 9947 in over 871 trades.

The stock hit an intraday high of Rs. 1146.95 and intraday low of 1114. The net turnover during the day was Rs. 11314064.

Source : Equity Bulls

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