{"id":504132,"date":"2022-07-08T09:06:22","date_gmt":"2022-07-08T03:36:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=504132"},"modified":"2022-07-08T09:27:56","modified_gmt":"2022-07-08T03:57:56","slug":"vedanta-to-buy-athena-chhattisgarh-power-for-rs-564-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedanta-to-buy-athena-chhattisgarh-power-for-rs-564-crore\/","title":{"rendered":"Vedanta to buy Athena Chhattisgarh Power for Rs 564 crore"},"content":{"rendered":"<p>Vedanta Ltd on Thursday said it will acquire debt-ridden Athena Chhattisgarh Power Ltd for Rs 564.67 crore.<\/p>\n<p>Liquidation process for the company was initiated in March last year.<\/p>\n<p>The acquisition for a purchase price of Rs 564.67 crore is likely to be completed in the ongoing financial year, adding that the consideration will be in the form of cash.<\/p>\n<p>&#8220;Vedanta Limited to acquire 100 per cent of the paid-up capital of Athena Chhattisgarh Power Ltd,&#8221; the metals and mining major said in a filing to BSE.<\/p>\n<p>The acquisition will fulfill the power requirement for Vedanta aluminium business and through vertical integration, add synergies by providing a cost advantage pertaining to power consumption.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vedanta Ltd on Thursday said it will acquire debt-ridden Athena Chhattisgarh Power Ltd for Rs 564.67 crore. Liquidation process for the company was initiated in March last year. The acquisition for a purchase price of Rs 564.67 crore is likely to be completed in the ongoing financial year, adding that the consideration will be in the form of cash. &#8220;Vedanta Limited to acquire 100 per cent of the paid-up capital of Athena Chhattisgarh Power Ltd,&#8221; the metals and mining major said in a filing to BSE. The acquisition will fulfill the power requirement for Vedanta aluminium business and through vertical [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-504132","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/504132","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=504132"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/504132\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=504132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=504132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=504132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}