OPGC gets capital infusion
The Competition Commission of India (CCI) has approved #Adani #Power Limited’s (APL) 49% acquisition of the total equity share capital of #Odisha Power #Generation #Corporation Limited (OPGC).
APL is a public listed company and its shares are listed on 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.
OPGC, incorporated in Odisha, is a joint venture between the 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, said the Ministry of Corporate Affairs on 30 July 2020. #M&A #Acquisition #capital #investment /fiinews.com
