CCI allows Adani Power to Acquire 100% Share Capital of Lanco Amarkantak Power

CCI Allows Adani Power to Acquire 100% Share Capital of Lanco Amarkantak Power

#AdaniPower #LancoAmarkantakPower #Acquisition

Source:Competition Commission of India

Adani Group to acquire 100 percent equity share capital of Lanco Amarkantak Power Limited

April 2024: : Competition Commission of India (CCI) has granted permission to Adani Power Limited, a part of the Adani Group, to acquire 100 percent equity share capital of Lanco Amarkantak Power Limited.

The Lanco Amarkantak Power 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) under the Insolvency and Bankruptcy Code, 2016 (IBC).