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Diamond Power Infrastructure Limited (DPIL) is a power sector company which manufactures cables conductors transmission towers and power distribution systems. According to The Economic Times DPIL promoters are in discussions with three potential buyers including the Adani Group. If the deal becomes successful it will strengthen Adani’s supply chain and vendor system as it plans to increase its capital expenditure (capex) in the coming years. DPIL deals in building and installing power transmission lines and has also expertise in cables conductors and related infrastructure. In 2022 the company was acquired through NCLT (National Company Law Tribunal) by GSEC Limited and Rakesh Shah. DPIL is currently listed on the Bombay Stock Exchange (BSE) with a market valuation of around Rs 5000 crore. As per SEBI (Securities and Exchange Board of India) regulations promoters of a listed company cannot hold more than 75% of the shares. DPILs promoters hold a 90% stake reduced from earlier 94.88% in March 2024. To adhere to SEBI norms they need to dilute their shareholding. Discussions are ongoing with potential buyers like with the Adani Group and the deal can be finalized within the next 60 days. If the Adani Group acquires the stake it may retain the existing management. In previous acquisitions like the 2023 purchase of a 30% stake in PSP Projects Limited it applied the same strategy. DPIL wants to achieve a revenue target of Rs 10000 crore over the next three years but its FY2024-25 revenue was only Rs 343 crore. This expansion needs major capital infusion. Adani Group Investment In North-East Billionaire Gautam Adani on Friday committed to investing an additional Rs 50000 crore over the next 10 years in green energy road construction and creating digital infrastructure in the North Eastern states as his conglomerate looks to expand its presence in the east. This investment is on top of Rs 50000 crore that his group had committed to investing in Assam in February. Speaking at the Rising NorthEast Investors Summit here the head of ports-to-energy conglomerate said his groups initiative will prioritise local jobs local entrepreneurship and community engagement. Three months ago in Assam we pledged an investment of Rs 50000 crore. Today once again humbled and inspired by your leadership I announce that the Adani Group will invest an additional Rs 50000 crore across the Northeast over the next 10 years he said in the presence of Prime Minister Narendra Modi. (With Inputs From PTI)