Adani Power has approved the amalgamation of Growmore Trade and Investment, Mauritius with itself, in a share swap of 1.6. This will lead to almost 10% equity dilution for Adani Power. The company has three phases of Tiroda projects under Adani Power Maharashtra Limited (APML). Prabal Banerjee, CFO of Adani Power tells CNBC-TV18 that if merger was done post the three phases going on stream, APL shares could have seen higher dilution.
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