KEC International Sells Its Subsidiary KEC Bikaner Sikar To Adani Transmission
2018-11-03 Disinvestment Power Western India
KEC International Limited has signed a Share Purchase Agreement (SPA) with Adani Transmission Limited for selling its entire stake in KEC Bikaner Sikar Transmission Private Limited at an Enterprise Value of Rs. 227.5 Crore, subject to regulatory and other approvals. KEC Bikaner Sikar Transmission Private Limited is having an operational transmission line of 344 ckt. Kms in the state of Rajasthan from Bikaner to Sikar. This sale is in line with KEC's strategy to focus on its core EPC business.