CCI approves acquisition of Lanco Amarkantak Power Ltd by Adani Power

Daily Current Affairs / CCI approves acquisition of Lanco Amarkantak Power Ltd by Adani Power

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Category : Business and economics Published on: March 29 2024

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CCI has approved the acquisition of Lanco Amarkantak Power Ltd by Adani Power.
Adani Power has received the approval of the Committee of Creditors for the resolution plan to acquire Lanco Amarkantak Power.
Adani Power has made its second acquisition in the financial year, which is Lanco Amarkantak Power.
Adani Power and acquisitions of Adani Group operate through legal means.
Lanco Amarkantak Power Limited operates two thermal power units of 300 MW each in Korba district of Chhattisgarh.

CCI approves acquisition of Lanco Amarkantak Power Ltd by Adani Power