Adani Power acquires infra development firms SPPL and EREPL for Rs 6.09 billion

Adani Power Limited has completed the acquisition of 100 per cent equities in Support Properties Private Limited (SPPL) and Eternus Real Estate Private Limited (EREPL) for about Rs 6.09 billion. Earlier, in June 2022, Adani Power had signed share purchase agreements to acquire 100 per cent equity shares in these companies from their respective shareholders. The cost of the acquisitions was Rs 2.8 billion for SPPL and Rs 3.29 bi­llion for EREPL. The consideration for the acquisition was cash.