Adani Transmission and GMR Energy have entered into an agreement, where the former will acquire 74 percent stake of Maru Transmission Service and 49 percent shares of Aravali Transmission Service of GMR Energy.
Both the assets are in Rajasthan and are operating with an average capacity utilisation of over 99.90 percent.
The deal value for both the projects is Rs 100 crore.
Parag Parikh, CFO at GMR Energy, said that both assets were generating revenues of Rs 72 crore.
He also added that both the projects were adding about Rs 3 crore to the total profit of the company.
Both the assets put together have a debt of Rs 324 crore, said Patil, adding that with the current divestment the debt will be brought down….
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