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CCI approves 100% acquisition of Lanco Amarkantak Power Limited by Adani Power Limited
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....CI approves 100% acquisition of Lanco Amarkantak Power Limited by Adani Power Limited <br>News and Press Release<br>Dated:- 27-3-2024<br><BR>The Competition Commission of India (CCI) has approved 100%....
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.... acquisition of Lanco Amarkantak Power Limited by Adani Power Limited. The Adani Power Limited (Acquirer), a part of the Adani Group, is a company incorporated under the laws of India. The Acquirer i....
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....s engaged in the business of thermal power generation in India. The Acquirer operates its thermal power plants across multiple states in India, including Gujarat, Maharashtra, Karnataka, Rajasthan, Ch....
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....hattisgarh, Jharkhand and Madhya Pradesh. Adani group is a global integrated infrastructure player with businesses in key industry verticals - resources, logistics and energy. The Lanco Amarkantak Po....
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....wer Limited (Target), a part of the Lanco Group, is engaged in the business of thermal power generation in India. The Target is currently undergoing Corporate Insolvency Resolution Process (CIRP) unde....
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....r the Insolvency and Bankruptcy Code, 2016 (IBC). The proposed combination relates to the acquisition of 100% equity share capital of the Target by the Acquirer. (Proposed Combination). Detailed ord....
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....er of the CCI will follow.<BR> News - Press release - PIB....