Tag: Adani Power

Adani Power Gets Anti-Trust Body CCI Nod To Acquire Lanco Amarkantak Power

March 26, 2024 admin

Adani Power proposed to acquire 100% share capital and control of Lanco Amarkantak Power New Delhi: Fair trade regulator Competition Commission of India (CCI) cleared Adani Power’s proposed acquisition of Lanco Amarkantak Power. Adani Power proposed to acquire 100% share capital and control of the Lanco Amarkantak Power, pursuant to the corporate insolvency resolution process…

Nation

Crisil upgrades rating on Adani Power bank loan facilities to AA-

February 5, 2024 admin

Adani Power Limited’s bank loan facilities were rated ‘A’ with a stable outlook earlier. | Photo Credit: Photo Credit: X/@CRISILLimited Crisil Ratings has upgraded its ratings on Adani Power Limited’s (APL) ₹38,000 crore of bank loan facilities to ‘AA-‘, saying the business and financial risk profile of the company has seen “strong improvement”. The loan…

Business

After Congress, AAP demands probe into Adani Power issue

August 28, 2023 admin

Aam Aadmi Party MP Sanjay Singh addressing a press conference, in New Delhi, on May 22, 2023. | Photo Credit: PTI Aam Aadmi Party (AAP) Rajya Sabha MP Sanjay Singh on August 28 demanded action against officials and Ministers in Gujarat for an alleged excess payment made to Adani Power Mundra Limited (APMuL) over five…

Business

GQG picks up 8.1% in Adani Power for $1.1 billion

August 16, 2023 admin

The logo of the Adani group is seen on the facade of one of its buildings on the outskirts of Ahmedabad. File | Photo Credit: REUTERS U.S.-based boutique investment firm GQG Partners has invested $1.1 billion in Adani Power for an 8.1% stake, sources with knowledge of the matter said on Wednesday. GQG Partners bought…

Business