Adani Power proposes to acquire 100% share capital and control of Lanco Amarkantak Power, pursuant to the corporate insolvency resolution process (CIRP) initiated under the Insolvency and Bankruptcy Code, 2016 (IBC), according to a release.
Shares of Adani Power jumped 4.2% on Wednesday to hit the day's high of Rs 544.25 on the NSE after the Indian competition watchdog cleared Adani Power's proposed acquisition of Lanco Amarkantak Power…
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