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Adani Transmission shares gallop 10% on deal potential

Wed, Oct 11 2017, 02:01 PM

Shares of Adani Transmission hit the upper circuit of 10% on the Bombay Stock Exchange as the company announced that it had entered into exclusive talks till January 15 with Reliance Infrastructure to acquire the latter’s “integrated business of generation, transmission and distribution of power for Mumbai city”. The Adani Transmission stock has risen 353% in the past year.