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CCI okays acquisition of equity share capital in OPGC by Adani Power

Friday, 31 Jul 2020
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The Competition Commission of India (CCI) has approved the proposed acquisition of 49 percent of total equity share capital of the Odisha Power Generation Corporation (OPGC) by Adani Power (APL). 
 
APL is a public listed company and its shares are listed on the Bombay Stock Exchange and the National Stock Exchange of India. 
 
It is part of the Adani Group which is inter-alia engaged in the business operations of generation, transmission and distribution of power in India. The company is primarily engaged in the business of power generation. 
 
OPGC, incorporated in Odisha, is a joint venture between the government of Odisha, AES India and AES OPGC Holding and operates as a state government company. The company is engaged in the business of power generation.

 

 
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