Adani Power board okays merger of six arms with itself

NEW DELHI: Adani Power on Tuesday said its board has approved an amalgamation scheme for the merger of its six wholly-owned subsidiaries with itself.
“The Board of Directors of Adani Power Ltd at its Meeting held on March 22, 2022, approved, subject to requisite approvals/consents, the Scheme of Amalgamation of various wholly-owned subsidiaries of the company..,” a BSE filing said.
As per the filing, the subsidiaries to be merged with Adani Power are Adani Power Maharashtra Ltd, Adani Power Rajasthan Ltd, Adani Power (Mundra) Ltd, Udupi Power Corporation Ltd, Raipur Energen Ltd, and Raigarh Energy Generation Ltd.
These companies are wholly-owned subsidiaries of Adani Power.