CCI allows Adani Power to Acquire 100% Share Capital of Lanco Amarkantak Power
#StrongHybridTechnology #SustainableEnvironment #HybridCarsAdani Group to acquire 100 percent equity share capital of Lanco Amarkantak Power Limited April 01 2024
April 2024 : Competition Commission of India (CCI) has granted permission to Adani Power Limited, a part of the Adani Group, to acquire 100 percent equity share capital of Lanco Amarkantak Power Limited.
With the ability to be 60 percent on EV mode under city driving condition, the technology delivers an eco-friendly and remarkably silent drive experience. Strong Hybrid technology also offers unmatched fuel-efficiency in a full tank and significantly lower carbon emissions.
The Lanco Amarkantak Power Limited (Target), a part of the Lanco Group, is engaged in the
business of thermal power generation in India. The Target is currently undergoing Corporate
Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC).
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