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TaxTMI 
CCI approves acquisition of 100% shareholding of GVK Power (Goindwal Sahib) Limited by Punjab State Power Corporation Ltd.
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....CI approves acquisition of 100% shareholding of GVK Power (Goindwal Sahib) Limited by Punjab State Power Corporation Ltd. <br>News and Press Release<br>Dated:- 3-1-2024<br><BR>The Competition Commissi....
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....on of India (CCI) has approved the proposed acquisition of 100% shareholding of GVK Power (Goindwal Sahib) Limited by Punjab State Power Corporation Ltd. The Punjab State Power Corporation Ltd, is a ....
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....fully owned undertaking of the Government of Punjab. The erstwhile Punjab State Electricity Board (PSEB), was a statutory body formed on 01st February, 1959 under the Electricity Supply Act, 1948. The....
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.... PSEB was "unbundled" by the Government of Punjab vide Notification No. 1/9/08-EB(PR)196 dated 16th April, 2010 into two separate entities - Punjab State Power Corporation Limited (PSPCL) and Punjab S....
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....tate Transmission Corporation Limited (PSTCL). The GVK Power (Goindwal Sahib) Limited, is incorporated in December 1997, is a wholly owned subsidiary of GVK Energy Limited which in turn is the subsid....
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....iary of GVK Power and Infrastructure Limited. It is engaged in power generation through a 540 coal based thermal power plant. The proposed combination relates to the Resolution Plan involving 100% ac....
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....quisition of the GVK Power (Goindwal Sahib) Limited by PSPCL once it is declared as the successful resolution applicant. (Proposed Combination). Detailed order of the CCI will follow.<BR> News - Pres....
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....s release - PIB....