Adani Energy Solutions Acquires KPS III HVDC Transmission
Filing Summary
Adani Energy Solutions Ltd has executed a Share Purchase Agreement to acquire 100% equity shares of KPS III HVDC Transmission Limited from PFC Consulting Limited. The acquisition was completed on December 12, 2025, with the shares acquired at a face value of Rs.10 each. KPS III, incorporated in India, operates in the electric utilities sector as a transmission service provider. The acquisition aligns with Adani Energy Solutions’ strategy to enhance shareholder value through organic and inorganic growth opportunities. The transaction does not involve any related party transactions.
Adani Energy Solutions Ltd has executed a Share Purchase Agreement to acquire 100% equity shares of KPS III HVDC Transmission Limited. The agreement was signed with PFC Consulting Limited on December 12, 2025. The acquisition involves the complete transfer of equity shares of KPS III, a company operating in the electric utilities sector as a transmission service provider.
The financial terms of the acquisition specify that the equity shares were acquired at a face value of Rs.10 each. The authorized and paid-up share capital of KPS III is Rs. 1 Lakh. The transaction was conducted in cash, and there are no related party transactions involved. The acquisition is not subject to any governmental or regulatory approvals.
The scope of the acquisition includes the integration of KPS III’s operations into Adani Energy Solutions’ existing business framework. KPS III is involved in the transmission of renewable energy, specifically designed to facilitate the evacuation of 2.5 GW of renewable energy. This project is part of the Phase-V scheme of Khavda, which aims to enable the evacuation of an additional 8 GW of renewable energy power from the Khavda RE park.
KPS III HVDC Transmission Limited was incorporated in India and registered with the Registrar of Companies, New Delhi, on January 18, 2024. The company has not reported any turnover in the last fiscal year. The acquisition is part of Adani Energy Solutions’ strategy to enhance value for its shareholders through both organic and inorganic growth opportunities.
The acquisition was completed on December 12, 2025. The transaction does not require any further regulatory approvals, and the integration of KPS III into Adani Energy Solutions’ operations is expected to proceed without delay.
PFC Consulting Limited is a wholly-owned subsidiary of Power Finance Corporation Limited, focusing on providing consultancy services in the power sector. The company is involved in various activities, including project development, advisory services, and facilitating the implementation of power projects.
Adani Energy Solutions Ltd is a part of the Adani Group, focusing on energy infrastructure and solutions. The company is involved in the development and operation of power transmission and distribution networks. Adani Energy Solutions aims to expand its footprint in the renewable energy sector and enhance its service offerings through strategic acquisitions and partnerships.