Adani Energy Solutions Ltd executes Share Purchase Agreement for 100% Equity Shares of Pointleap Projects Private Limited

Adani Electricity Mumbai Limited, a subsidiary of Adani Energy Solutions Ltd, has executed a Share Purchase Agreement (SPA) to acquire 100% Equity Shares of Pointleap Projects Private Limited. The acquisition, valued at Rs. 13.15 Crore, is expected to be completed within 4-5 working days from the execution date of SPA. Pointleap Projects Private Limited, incorporated in India, is a company with a authorized share capital of Rs. 90 Crore and nil paid-up share capital and turnover as of March 31, 2024. The acquisition falls outside the main line of business of Adani Energy Solutions Ltd and the regulatory approvals for the acquisition are not required.