DB Power buys back stake from Global Infrastructure for ₹400 cr2 min read 22 Mar 2023, 11:42 PM IST
The deal comes about a month after Adani Power cancelled its agreement to buy DB Power. Adani did not cite a reason for calling off the deal, just noting that its long-stop agreement date had expired
Dainik Bhaskar Group’s DB Power Ltd has repurchased Global Infrastructure Partners’ (GIP) stake in its thermal power business for ₹400 crore, in a deal that has facilitated the investor’s exit, two people with knowledge of the deal said.
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