Adani Transmission Signs Deal To Acquire MPSEZ Utilities For Rs 116 Crore

Adani Transmission inked a share purchase pact with Adani Ports and Special Economic Zone (APSEZ) to acquire MPSEZ Utilities (MUL) for Rs 116.27 crore, according to a regulatory filing to the stock exchanges today. MUL was incorporated primarily for distribution of electricity, and effluent and sewage treatment in Mundra SEZ area, Kutch, Gujarat spread across 8,481 hectares as a distribution licensee.