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Adani Transmission to acquire Alipurduar Transmission from Kalpataru for $172m.

Financials

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Transaction Value£130m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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electricity transmission services

Conventional Electricity

Single Bidder

India

Domestic

Majority

Acquisition

Pending

Private

Friendly

Synopsis

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Adani Transmission, India’s private sector power transmission company, agreed to acquire Alipurduar Transmission, a provider of electricity transmission services, from Kalpataru for $172m. “The acquisition of Alipurduar Transmission Ltd. will bolster the pan-India presence of ATL consolidating its position as the largest private sector transmission company in India. This asset will take ATL closer to its target of setting up 20,000 ckt km of transmission lines by 2022," Anil Sardana, Adani Transmission Managing Director & CEO.

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