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Competition Commission of India (CCI) Approves Acquisition of LancoAmarkantak Power Limited by Adani Power Limited
On March 26, 2024, the Competition Commission of India (CCI) granted approval to Adani Power Limited, a subsidiary of the Adani Group, for the complete acquisition of Lanco Amarkantak Power Limited.
Dr.G.R.Balakrishnan Mar 28 2024 Logistics News (Roadways & Railways)

Competition Commission of India (CCI) Approves Acquisition of LancoAmarkantak Power Limited by Adani Power Limited

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.