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Multibagger Adani Power s shares jump over 4%; here s why

Adani Power proposes to acquire 100% share capital and control of Lanco Amarkantak Power, pursuant to the corporate insolvency resolution process (CIRP) initiated under the Insolvency and Bankruptcy Code, 2016 (IBC), according to a release.

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Share Market Highlights 27 March 2024: Sensex gains 526 pts, Nifty closes above 22,100

Share Market Highlights 27 March 2024: Sensex gains 526 pts, Nifty closes above 22,100
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Adani Power gets CCI approval for acquisition of Lanco Amarkantak Power

According to the statement, the acquirers plan to subscribe for class B compulsorily convertible preference shares.

Ranjan paiMutual fundPai family groupCompetition commission of indiaInvestment fundFamily officeCentre for competitivenessHoldings ltdCompetition commissionAdani powerLanco amarkantakLanco amarkantak powerBankruptcy codeAlternative investmentPai family

CCI Approves Adani Power s Acquisition of Lanco Amarkantak Power

CCI Approves Adani Power s Acquisition of Lanco Amarkantak Power
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CCI approves Adani Power s 100% acquisition of Lanco Amarkantak Power

Earlier this month, Adani Power received the Committee of Creditors’ approval for the resolution plan to acquire insolvent Lanco Amarkantak Power.

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