Adani Power Shares Gain 4% on CCI Nod for Lanco Amarkantak Acquisition – Equitypandit
Shares of Adani Power Ltd were trading in the green and 4% higher on 27 March after the Competition Commission of India (CCI), the fair-trade regulator, gave approval to Adani Power’s proposed acquisition of Lanco Amarkantak Power.Through the Corporate Insolvency Resolution Process (CIRP), Adani Power has offered to assume complete control and ownership of Lanco …
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