Adani Electricity Mumbai To Buy 100% Stake In Pointleap Projects

Adani Electricity Mumbai Ltd on Thursday signed an agreement to acquire 100% stake in Pointleap Projects Pvt Ltd. for a consideration of Rs 13.15 crore. Adani Electricity Mumbai Ltd. is a subsidiary of Adani Energy Solutions Ltd.

"AEML today executed Share Purchase Agreement with Windson Projects LLP for acquiring 100 per cent equity shares of PPPL," AESL said in a regulatory filing.

The acquisition is expected to be completed within 4-5 working days from the execution date of SPA, it said.

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