CCI approves 100% acquisition of Lanco Amarkantak Power Limited by Adani Power Limited

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..... CCI approves 100% acquisition of Lanco Amarkantak Power Limited by Adani Power Limited
News and Press Release
Dated:- 27-3-2024

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 .....

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..... is 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, C .....

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..... hhattisgarh, 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 P .....

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..... ower 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) und .....

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..... er 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 or .....

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..... der of the CCI will follow.
News - Press release - PIB .....

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