CCI clears Reliance Infra-Adani transmission deal

The Competition Commission has approved the acquisition of power transmission business of Anil Ambani-led Reliance Infrastructure by Adani group firm Adani Transmission.

As per the deal, R-Infra will sell its Western Region Transmission Gujarat project (WRTG) and the Western Region Transmission Maharashtra project (WRTM) to Adani Transmission.

The company will also sell its 74 per cent in Parbati Koldam Transmission Company (PKTCL) in Himachal Pradesh and Punjab to Adani Transmission.

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