CCI approves acquisition of Lanco Amarkantak Power Ltd by Adani Power

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.
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