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Adani Power: Another company in Adani Power's kitty, gets CCI approval for acquisition

Adani Power: Another company in Adani Power’s kitty, gets CCI approval for acquisition

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Adani Power: Indian industrialist Gautam Adani (Gautam AdaniThe year 2024 is going to be very special for ). On the one hand, Moody’s Investors Service (Moody’s Investors Service) It has been decided to upgrade four companies of Adani Group. On the other hand, another company is going to come into the kitty of Adani Power.

  • Competition Commission of India (CCI) has approved Adani Power Limited and Dicky Alternative Investment Trust (DAIT) to acquire 100 percent stake in Coastal Energy Private Limited.

  • Adani Power Limited (APL) is part of the diversified Adani Group and is the leading private sector thermal power producer in India.

  • CCI said in a statement that the proposed transaction involves the acquisition of 100 per cent equity share capital of Coastal Energy Private Limited (CEPL) by the acquirers DAIT and APL.

  • DAIT is a SEBI registered Alternative Investment Fund (AIF). CEPL is involved in the business of generation and sale of electricity.

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