Adani Energy on Monday accomplished the acquisition of 100 per cent equities in SPPL and EREPL for about Rs 609 crore.
On June 7, 2022, Adani Energy had signed a share-purchase agreements to amass 100 per cent fairness shares of two firms, viz. Help Properties Personal Ltd (SPPL) and Eternus Actual Property Personal Ltd (EREPL) from their respective shareholders.
“All of the associated steps/actions for acquisition of 100 per cent fairness shares of SPPL and EREPL have now been accomplished,” a BSE submitting acknowledged.
Earlier this month, the corporate had acknowledged in a submitting that the price of acquisitions had been Rs 280.10 crore for SPPL and Rs 329.30 crore for EREPL. The consideration for the acquisition was money.
SPPL is but to begin industrial actions. Its authorised share capital is Rs 74,01,00,000 and paid up share capital is Rs 67,91,00,000. It’s concerned in infrastructure improvement actions. The thing of acquisition is to arrange infrastructure services.
EREPL has additionally not commenced industrial actions. Its authorised share capital is Rs 80,01,00,000 and paid up share capital is Rs 74,01,00,000. The consideration for the acquisition was money.