KEC International signs SPA with ATL for selling its stake in KEC Bikaner Sikar Transmission Private Limited

KEC International Limited has signed a share purchase agreement (SPA) with Adani Transmission Limited (ATL) for selling its entire stake in KEC Bikaner Sikar Transmission Private Limited at an enterprise value of Rs 2,275 million, subject to regulatory and other approvals. KEC Bikaner Sikar Transmission Private Limited holds a minimum 25-year concession licence to operate and maintain the 400 kV double circuit 344 ckt. km Bikaner-Sikar line in Rajasthan.

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