Archive · 26 May 2025
Adani Group Frontrunner for Stake in Diamond Power
Adani Group is likely to buy part of Diamond Power Infrastructure Ltd, a company that works with power lines.
Two other companies are also interested.
The current owners need to sell some of their shares to follow the rules.
Adani might let the current managers keep running the company.
Diamond Power plans to use the money to grow and increase its revenue.
Adani Group is the frontrunner for a stake in Diamond Power Infrastructure Ltd.
DPIL is a power infrastructure company based in Ahmedabad.
DPIL promoters need to lower their stake to 75% from the current 90%.
A deal is expected within 60 days.
DPIL aims to use the proceeds to boost revenue.
- Who
- Adani Group, Diamond Power Infrastructure Ltd (DPIL), and two other contenders.
- What
- Adani Group is the frontrunner to acquire a stake in Diamond Power Infrastructure Ltd.
- When
- Likely within the next 60 days.
- Where
- Ahmedabad, India.
- Why
- Promoters of DPIL need to reduce their stake from 90% to 75%.
- Company
- Diamond Power Infrastructure Ltd (DPIL)
- Lead Contender
- Adani Group
- Market Cap
- Rs 5,000 crore
- DPIL Revenue FY25
- Rs 343 crore
- DPIL Revenue Goal
- Rs 10,000 crore in three years
- Promoter Holding
- 90%