{"id":285807,"date":"2019-08-03T05:53:05","date_gmt":"2019-08-03T05:53:05","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=285807"},"modified":"2019-08-03T05:53:05","modified_gmt":"2019-08-03T05:53:05","slug":"adani-power-completes-acquisition-of-gmr-chhattisgarh-energy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-power-completes-acquisition-of-gmr-chhattisgarh-energy\/","title":{"rendered":"Adani Power completes acquisition of GMR Chhattisgarh Energy"},"content":{"rendered":"<p>New Delhi, Aug 2 () Adani Power on Friday said it has completed acquisition of GMR Chhattisgarh Energy (GCEL), which owns and operates a 1,370 MW (2 X 685 MW) power plant at Raikheda village in Raipur.<br \/>\n&#8220;52.38 per cent of the equity stake in GCEL was acquired from its consortium of lenders, following the approval of Adani Power&#8217;s resolution plan to acquire a controlling equity stake and restructure its debt,&#8221; Adani Power Ltd (APL) said in a filing.<\/p>\n<p>The balance 47.62 per cent stake was acquired from the GMR Group.<\/p>\n<p>&#8220;The acquisition of GCEL was concluded at an enterprise valuation of approx. Rs 3,530 crore,&#8221; it added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi, Aug 2 () Adani Power on Friday said it has completed acquisition of GMR Chhattisgarh Energy (GCEL), which owns and operates a 1,370 MW (2 X 685 MW) power plant at Raikheda village in Raipur. &#8220;52.38 per cent of the equity stake in GCEL was acquired from its consortium of lenders, following the approval of Adani Power&#8217;s resolution plan to acquire a controlling equity stake and restructure its debt,&#8221; Adani Power Ltd (APL) said in a filing. The balance 47.62 per cent stake was acquired from the GMR Group. &#8220;The acquisition of GCEL was concluded at an enterprise [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-285807","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/285807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=285807"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/285807\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=285807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=285807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=285807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}