Deal between Adani Power and DB Power to purchase assets for Rs 7000 crore fails

Deal between Adani Power and DB Power to purchase assets for Rs 7000 crore fails.

Adani Power Ltd’s agreement to purchase thermal power assets worth Rs 7,017 crore from DB Power has collapsed as the initial contract has lapsed.

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Adani Power told the stock exchanges earlier in August 2022 that it has reached an agreement to buy DB Power Ltd.

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Adani Power was contacted with questions about the deal’s progress, but no response was received.

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