Rivals Turn Partners: Adani, Ambani Sign ‘Power-Pact’ | What Brought Them Together? | Details

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Key Points

As per exchange filings, Mukesh Ambanis Reliance has picked up a 26% stake in Adani Powers project in MP..

This stake has been bought in the form of stocks with face value of Rs10 at par ( Rs50 crore)..

This will allow reliance use of 500 MW of generation capacity for captive use, as per the filings of both firms in separate stock exchange filings..

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