Adani Electricity Mumbai Ltd (AEML) has sold shares worth Rs 202 crore in Yes Bank
A total of 15 crore shares representing 1.19 per cent stake of the private lender were sold by Adani Electricity at an average price of Rs 13.45 apiece, bulk deal data on NSE showed
Firm says most complaints about abnormally high bills have been resolved; number of consumers with bill payments overdue for over 30 days is 570,000
The definitive agreements for the transaction were signed on December 11, 2019, and all the requisite approvals were received subsequently
The investigation is part of a larger probe by the revenue department for over-invoicing of imported coal and power plant equipment by several Indian electricity producers
Besides, the fair trade regulator also approved acquisition of GVK Airport Holdings Ltd by Green Rock B 2014 Ltd, the National Investment and Infrastructure Fund (NIIF) and Indo-Infra Inc.
The firm now wants to invest in expanding transmission network for the distribution business
For its June 2019-ended quarter, Tata Power reported an exceptional expense of Rs 328.97 crore as standby provision
Armed with a slew of initiatives and an active Twitter account, Adani Electricity looks to build its street credentials in Mumbai
Anil Ambani promoted Reliance Infrastructure on Wednesday completed the sale of its Mumbai distribution business to Adani Transmission