This acquisition
involves the transfer of 100% equity share capital of LancoAmarkantak
Power Limited to Adani Power Limited.
Adani Power Limited is engaged in thermal
power generation across various Indian states including Gujarat, Maharashtra,
Karnataka, Rajasthan, Chhattisgarh, Jharkhand, and Madhya Pradesh. Besides, it
forms part of the Adani Group, a global integrated infrastructure player with
interests in resources, logistics, and energy.
LancoAmarkantak
Power Limited is a part of the Lanco
Group, primarily focused on thermal power generation in India and currently
undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency
and Bankruptcy Code, 2016 (IBC).
Competition
Commission of India (CCI) is a statutory body
responsible for enforcing the Competition Act, 2002, constituted in March 2009.