The Competition Commission of India (CCI) approved Adani Power Ltd.’s acquisition of Diliigent Power Private Ltd. and DB Power Ltd.
The proposed combination involves the acquisition of the 100% of the share capital and economic rights of the target companies by Adani Power, according to a government statement. It didn’t disclose the financial details.
Diliigent Power is primarily engaged in the activities of a holding company, the statement said, adding that it also provides project management and consultancy services, limited to DB Power.
DB Power operates a coal-based thermal power plant, with an installed capacity of 1200-megawatt per hour in Chhattisgarh state, according to the statement.