FCC

CCI Approves Proposed Acquisition of 49% Stake in Odisha Power Generation Corp. by Adani Power

2020-07-31

The Competition Commission of India (CCI) has approved the proposed acquisition of 49 per cent of the total equity share capital of Odisha Power Generation Corp. Ltd (OPGC) by Adani Power Ltd (APL).

APL is a public listed company and its shares are listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). 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.

OPGC, incorporated in Odisha, is a joint venture between the Government of Odisha, AES India Pvt. Ltd and AES OPGC Holding and operates as a state government company. OPGC is engaged in the business of power generation.