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CCI Approves Adani Power’s Acquisition of GVK Energy Under Insolvency Resolution Process to Expand Hydropower Portfolio

Representational image. Credit: Canva The Competition Commission of India (CCI) has approved the acquisition of 100% share capital and control of GVK Energy Limited by Adani Power Limited under the corporate insolvency resolution process initiated under the Insolvency and Bankruptcy Code, 2016. According to the official announcement, the proposed transaction involves Adani Power acquiring the…

Scottish whisky cask merchants company enters liquidation

Liquidators have been appointed to a Scottish whisky merchants company. The firm collapsed into administration plunging thousands of cask investors into uncertainty. It comes after some of the firm’s assets were sold and the new owner has been working to reunite casks with owners. Whisky Merchants Trading Limited has now been placed into liquidation by…