{"id":391701,"date":"2020-12-26T11:04:23","date_gmt":"2020-12-26T05:34:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=391701"},"modified":"2020-12-26T11:56:02","modified_gmt":"2020-12-26T06:26:02","slug":"adani-power-terminates-pact-to-buy-49-stake-in-odisha-power-gen-corp","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-power-terminates-pact-to-buy-49-stake-in-odisha-power-gen-corp\/","title":{"rendered":"Adani Power terminates pact to buy 49% stake in Odisha Power Gen Corp"},"content":{"rendered":"<p>NEW DELHI : Adani Power on Thursday said the agreement to acquire 49% stake in Odisha Power Generation Corporation (OPGC) from the affiliates of the AES Corporation, is formally junked now.<\/p>\n<p>The Odisha government, which holds 51% stake in OPGC, had exercised Right of First Refusal (RoFR) to purchase the 49% stake held by AES.<\/p>\n<p>In June this year, Adani Power had announced inking a share sale and purchase agreement (SSPA) to acquire from AES OPGC Holding and AES India Pvt Ltd (collectively referred as sellers) total 89,30,237 equity shares held in OPGC representing 49% of the total issued, paid-up and subscribed equity share capital.<\/p>\n<p>&#8220;The sellers have intimated (on) December 24, 2020 that Government of Odisha&#8230;have exercised their RoFR to purchase (49%) shareholding in OPGC. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : Adani Power on Thursday said the agreement to acquire 49% stake in Odisha Power Generation Corporation (OPGC) from the affiliates of the AES Corporation, is formally junked now. The Odisha government, which holds 51% stake in OPGC, had exercised Right of First Refusal (RoFR) to purchase the 49% stake held by AES. In June this year, Adani Power had announced inking a share sale and purchase agreement (SSPA) to acquire from AES OPGC Holding and AES India Pvt Ltd (collectively referred as sellers) total 89,30,237 equity shares held in OPGC representing 49% of the total issued, paid-up [&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":[139,130,237],"tags":[],"class_list":["post-391701","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/391701","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=391701"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/391701\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=391701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=391701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=391701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}