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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.

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Nifty, Sensex Rally Meets with Selling - Wednesday Closing Report

On Wednesday, 1524 stocks advanced, 2314 declined and 111 remained unchanged, on the Bombay Stock Exchange (BSE) with an advance decline ratio of 0.66, indicating negative closing of stocks in broader markets.

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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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Adani Power: CCI clears Adani Power s purchase of Lanco Amarkantak

Adani Power proposes to acquire a 100% stake and control of bankrupt Lanco Amarkantak following a corporate insolvency resolution process (CIRP), the CCI said. Last month, Adani Power reportedly won the bid for the debt-laden firm for Rs 4,101 crore. “The proposed transaction does not result in an appreciable adverse effect on competition in any plausible relevant market in India. Accordingly, the definition of the relevant market may be left open,” the CCI said.

Madhya pradeshLanco amarkantakDickey alternative investmentCompetition commission of india onAdani powerCompetition commissionLanco amarkantak powerCoastal energen