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New Deal


Announced

Adani Power to acquire a 49% stake in OPGC for $135m.

Financials

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Transaction Value£108m
Consideration TypeCash
Capital Owned-
Capital Bid For49%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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electricity generation

Pending

Coal

Private

Acquisition

Cross Border

Single Bidder

coal power

Friendly

coal power generator

Minority

India

Synopsis

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Adani Power, an energy conglomerate, agreed to acquire a 49% stake in Odisha Power Generation, an operator of thermal powerplants, from AES, a US-based energy company for $135m. The transaction is subject to customary regulatory approvals including compliance with applicable requirements in relation to the Government of Odisha and the receipt of regulatory approvals such as Competition Commission of India and Reserve Bank of India,

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