Ahmedabad, March 28 -- Adani Energy Solutions Ltd (AESL) on Thursday announced a share purchase agreement (SPA) with REC Power Development and Consultancy Limited (RECPDCL) for acquiring 100 per cent equity shares of Mahan Transmission Limited (MTL). MTL will transmit 1,230 megawatts of power from Adani Power Ltd.'s upcoming 1,600 MW expansion units at Mahan in Madhya Pradesh's Singrauli district and feed into the state grid, according to a stock exchange filing.

"This acquisition is proposed to further AESL's strategy for enhancing value for its shareholders through organic as well as inorganic opportunities," the filing read. Equity shares of Mahan Transmission are being acquired at a face value of Rs 10 each. Adani Energy Solutions' s...