Adani Power has received an approval for slump sale of its Mundra Power Generating Business Undertaking generating 4620 MW of Power, to its subsidiary company, namely, Adani Power (Mundra).

This sale is for a lump sum consideration, without values being assigned to the individual assets and liabilities. The sale shall be subject to statutory and regulatory approvals, as may be required. The board of directors at its meeting held on June 6, 2017 has approved for the same.

Shares of the company gained Rs 0.2, or 0.73%, to trade at  Rs 27.45.  The total volume of shares traded  was  666,307 at the BSE (1.19 p.m., Wednesday).