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Adani Power shares in focus as CCI approves Lanco Amarkantak acquisition

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.

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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. ....

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Stocks that will see action today: February 14, 2024 - The Hindu BusinessLine

Stocks that will see action today: February 14, 2024 - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Adani Power, DAIT get CCI nod to acquire Coastal Energen - The Hindu BusinessLine

Adani Power, DAIT get CCI nod to acquire Coastal Energen - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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Adani Power close to taking over Coastal Energen for ₹3,440 crore

After two days of intense bidding, Adani Power emerged as the winner late Saturday evening, said two people with knowledge of the matter. Jindal Power, the other bidder in the fray, quit the race, they added. The interest in Coastal Energen, undergoing corporate insolvency, is mainly because it is among a few operational power plants for sale. ....

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