Adani Power share price: The stock jumped 5 per cent to hit its upper price band of Rs 588.35. At this price, it has soared 13.90 per cent in three trading days. The scrip was just 0.16 per cent away from its lifetime high of Rs 589.30, a level seen on December 6 last year.
Adani Power said that one unit of 600 MW capacity of arm Mahan Energen, Mahan thermal power plant, out of its aggregate operating and upcoming capacity of 2800 MW, will be designated as the captive unit for this purpose.
Lanco Amarkantak Power is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code. It is engaged in the business of thermal power generation in India.
Adani Power said it entered into a MOU to sell its 100 per cent equity stake in its two wholly owned subsidiaries namely Aviceda Infra Park and Innovant Buildwell Private Limited to AdaniConnex Private Limited.