The Competition Commission of India (CCI) has approved the proposed acquisition of 100 per cent shareholding of GVK Power (Goindwal Sahib) Limited by Punjab State Power Corporation Ltd.
The anti-trust regulator said PSPCL, a fully owned undertaking of the Punjab government, intends to take over GVK Power (Goindwal Sahib), which has been undergoing an insolvency resolution process. PSPCL has reportedly offered Rs 1,400 crore to lenders for the acquisition of the GVK power unit. This is the first such takeover of a private electricity generator by a state-run distribution company.
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The Competition Commission of India (CCI) has approved the proposed acquisition of 100 per cent shareholding of GVK Power (Goindwal Sahib) Limited by Punjab State Power Corporation Ltd.Punjab State Power Corporation Ltd, is a fully owned .
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