Shares price of Adani Power rose as much as 2.24 per cent at Rs 689 per share on the BSE in Friday’s intraday deals. The Adani share price soared after 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).
The order, issued on August 21, 2024, was made available on the NCLT’s website the following day, the company said in an exchange filing.
“The object of the LAPL, being generation of power, is on the same line with the main line of business of the Company. Successful acquisition and implementation of the resolution plan for acquisition of LAPL will…
