In continuation of our earlier letter dated March 10, 2023 on above cited subject, it is informed that after receipt of consideration comprising of professional fees of Bid Process Coordination, interest cost and reimbursement of expenditure incurred on the project by REC Power Development & Consultancy Limited (RECPDCL), wholly owned subsidiary of REC, the entire shareholding of Khavda II-A Transmission Limited, comprising of 50,000 equity shares, presently held by RECPDCL, has been transferred at par value along with all its assets and liabilities on March 28, 2023 to M/s Adani Transmission Limited, the successful bidder selected through tariff based competitive bidding process for 'Transmission scheme for evacuation of 4.5 GW RE injection at Khavda P.S. under Phase-II - Part A' . Hence, with effect from the aforesaid date, the above project specific SPV is not a subsidiary of RECPDCL & REC.