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 entire shareholding of GVK Energy Limited as part of the insolvency proceedings.
Adani Power Limited, a publicly listed company on both BSE Limited and the National Stock Exchange of India, is one of India’s private thermal power producers. The company operates thermal power plants across Gujarat, Maharashtra,…