Competition regulator allows Adani Power, DAIT to acquire Coastal Energen
The Competition Commission of India (CCI) on Tuesday said it has approved a proposal to acquire a 100 per cent stake in Coastal Energen Pvt Ltd by Adani Power Ltd and Dickey Alternative Investment Trust.
Adani Power Ltd (APL), a part of the diversified Adani Group, is the leading private-sector thermal power producer in India.
The proposed transaction involves the acquisition of 100 per cent equity share capital of Coastal Energen Pvt Ltd (CEPL) by the acquirers (Dickey Alternative Investment Trust (DAIT) and APL), according to a release by fair trade regulator CCI.
