NEW DELHI : The Competitors Fee of India (CCI) on Thursday stated it has accepted the acquisition of 100 per cent share capital of Diliigent Energy Non-public Restricted and DB Energy Restricted by Adani Energy Restricted.
“The Competitors Fee of India (CCI) approves acquisition by Adani Energy Restricted (Acquirer) of share capital of Diliigent Energy Non-public Restricted (Diliigent Energy) and DB Energy Restricted (DB Energy) [Diliigent Power and DB Power are collectively referred to as Targets],”an official assertion stated.
The Proposed Mixture includes the acquisition of the 100% of the share capital and financial rights of the Targets by the Acquirer.
The Acquirer (Adani Energy Restricted) is a public listed firm included in India with its shares listed on BSE Restricted in addition to the Nationwide Inventory Change of India Restricted, the Competitors Fee of India stated in a press release.
The Acquirer is an influence firm with eight operational energy vegetation in India. It has energy technology capability of 13,650 MW comprising thermal energy vegetation in Gujarat, Maharashtra, Karnataka, Rajasthan, and Chhattisgarh and a 40 MW solar energy venture in Gujarat, it stated.
Diligent Energy is primarily engaged within the actions of a holding firm. It additionally supplies venture administration and consultancy companies, restricted to DB Energy.
DB Energy operates a coal-based thermal energy plant with an put in capability of 1200 MW per hour in Chhattisgarh.
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