Adani Power’s share price surged 1.56 per cent at Rs 671.75 per share on the BSE in Tuesday’s intraday deals. This came after Adani Power incorporated a wholly owned subsidiary ‘Adani Power Middle East ” in Abu Dhabi on August 26, 2024, the company disclosed in an exchange filing.
Adani Power Middle East has an authorised capital of 27,000 shares, each valued at $1. Earlier on August 22, 2024, the company had recieved another good news where the Hyderabad Bench of the National Company Law Tribunal (NCLT) approved Adani Power’s Rs 4,101 crore resolution plan to acquire Lanco Amarkantak Power Ltd (LAPL).
LAPL is undergoing the Corporate Insolvency Resolution Process…
