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 - News - CCI approves 100% acquisition of Lanco Amarkantak Power Limi .....

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..... ted by Adani Power Limited - - - Dated:- 27-3-2024 - The Competition Commission of India (CCI) has approved 100% acquisition of Lanco Amarkantak Power Limited by Adani Power Limited. The Adani Power L .....

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..... imited (Acquirer) , a part of the Adani Group, is a company incorporated under the laws of India. The Acquirer is engaged in the business of thermal power generation in India. The Acquirer operates it .....

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..... s thermal power plants across multiple states in India, including Gujarat, Maharashtra, Karnataka, Rajasthan, Chhattisgarh, Jharkhand and Madhya Pradesh. Adani group is a global integrated infrastruct .....

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..... ure player with businesses in key industry verticals - resources, logistics and energy. The Lanco Amarkantak Power Limited (Target) , a part of the Lanco Group, is engaged in the business of thermal p .....

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..... ower generation in India. The Target is currently undergoing Corporate Insolvency Resolution Process ( CIRP ) under the Insolvency and Bankruptcy Code, 2016 ( IBC ). The proposed combination relates t .....

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..... o the acquisition of 100% equity share capital of the Target by the Acquirer. ( Proposed Combination ). Detailed order of the CCI will follow. - - News - Press release - PIB Tax Management India - t .....

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..... axmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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