CCI approves acquisition Diligent Power, DB Power by Adani Power

26 Mar 2024 , 03:14 PM

The Competition Commission of India (CCI) has approved acquisition by Adani Power Limited of share capital of Diliigent Power Private Limited and DB Power Limited.

The Proposed Combination involves the acquisition of the 100% of the share capital and economic rights of both the companies by Adani Power.

Adani Power is a public listed company is a power company with eight operational power plants in India. It has power generation capacity of 13,650 MW comprising thermal power plants in Gujarat, Maharashtra, Karnataka, Rajasthan, and Chhattisgarh and a 40 MW solar power project in Gujarat.

Diliigent Power is primarily engaged in the activities of a holding company. 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 MW per hour in Chhattisgarh.

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