Speed Post News Network
New Delhi : The Competition Commission of India (CCI) has approved proposed acquisition of 49% of the total equity share capital of Odisha Power Generation Corporation Limited (OPGC) by Adani Power Limited (APL). The proposed transaction relates to the acquisition of 49% of the total equity share capital of OPGC by APL (Proposed Combination).
APL, is a public listed company and its shares are listed on the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited. It is a part of the Adani Group, which is inter-alia, engaged in the business operations of generation, transmission and distribution of power in India. APL is primarily engaged in the business of power generation, according to a PIB release.
OPGC, incorporated in Odisha, is a joint venture between Government of Odisha, AES India Private Limited, and AES OPGC Holding, and operates as a state government company. OPGC is engaged in the business of power generation.