<h1>Adani Power Gains Approval to Acquire Lanco Amarkantak Amid Insolvency Proceedings in Energy Sector Deal.</h1> The Competition Commission of India has approved the acquisition of Lanco Amarkantak Power Limited by Adani Power Limited. Adani Power, part of the Adani Group, operates thermal power plants across several Indian states and is involved in resources, logistics, and energy sectors. Lanco Amarkantak Power, part of the Lanco Group, is also in the thermal power generation business and is currently undergoing a Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016. This acquisition involves Adani Power acquiring 100% of Lanco Amarkantak's equity share capital.